By Kiku Steinfeld
Chicago, April 18 – JPMorgan Chase Financial Co. LLC priced $792,000 of 0% capped dual directional buffered return enhanced notes due June 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus 500% of the index return capped at par plus 14.25%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
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 dual directional buffered return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $792,000
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Maturity: | June 25, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 500% of index return capped at par plus 14.25%; par plus absolute value of index return if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
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Call: | Non-callable
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Initial level: | 3,817.66
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Cap: | 14.25%
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Buffer: | 20%
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Pricing date: | Dec. 19
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Settlement date: | Dec. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133TCT0
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