By William Gullotti
Buffalo, N.Y., Aug. 1 – JPMorgan Chase Financial Co. LLC priced $12.89 million of 0% capped buffered enhanced participation equity notes due Aug. 30, 2023 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of par plus 42%.
If the index return is flat, or greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered enhanced participation equity notes
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Underlying index: | Energy Select Sector index
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Amount: | $12,885,000
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Maturity: | Aug. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of the gain, capped at par plus 42%; if the index is flat, or greater than or equal to the 90% buffer level, par; if the index falls below the 10% buffer, investors will lose 1.1111% for each 1% decline
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Initial level: | 785.33
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Buffer level: | 90% of initial index level
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Pricing date: | July 27
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Settlement date: | Aug. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.08%
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Cusip: | 48133LPS5
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