New York, Aug. 17 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% capped dual directional buffered return enhanced notes due Sept. 13, 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 200% of the index return, capped at par plus 7.75%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
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: | $1.04 million
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Maturity: | Sept. 13, 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 200% of index return, capped at par plus 7.75%; par plus absolute value of index return if index declines by no more than 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 4,468.83
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Upside leverage: | 200%
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Cap: | 7.75%
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Buffer: | 20%
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Pricing date: | Aug. 10
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Settlement date: | Aug. 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48133Y6N9
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