By Marisa Wong
Morgantown, W.Va., Aug. 7 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% contingent buffered return enhanced notes due Jan. 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.8 times the index gain.
If the index return is zero or negative but not less than negative 25%, the payout will be par.
Investors will lose 1% for each 1% decline below the initial level if the index falls by more than the 25% contingent 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: | Contingent buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.39 million
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Maturity: | Jan. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, 1.8 times the gain; par if index return is at least negative 25%; 1% loss for each 1% decline below the initial level if the index falls by more than the 25% contingent buffer
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Initial index level: | 3,491.19
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 46647MWN9
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