By Wendy Van Sickle
Columbus, Ohio, April 11 – JPMorgan Chase Financial Co. LLC priced $1.93 million of 0% capped return enhanced notes due June 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus three times the gain with the payout capped at par plus 15.1%.
Investors will be fully exposed to any index decline.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $1,934,000
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Maturity: | June 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times any index gain, capped at par plus 15.1%; full exposure to losses
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Initial value: | 4,525.12
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Pricing date: | April 5
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Settlement date: | April 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.25%
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Cusip: | 48133FHD0
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