By Marisa Wong
Morgantown, W.Va., Aug. 1 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% uncapped return enhanced notes due Jan. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.915 times the index return. Investors will have one-to-one exposure to any index decline.
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: | Uncapped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.5 million
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Maturity: | Jan. 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.915 times index gain; full exposure to any index decline
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Initial level: | 2,978.90
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 46646EQQ8
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