By Sarah Lizee
Olympia, Wash., Aug. 5 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered absolute return notes due Aug. 3, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain in the index, capped at $1,171.50 per $1,000 of notes.
If the index declines by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the underwriter.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffered absolute return notes
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Underlying index: | Nasdaq-100
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Amount: | $1 million
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Maturity: | Aug. 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at $1,171.50 per $1,000 of notes; if index falls by up to 15%, par plus absolute value of its return; 1.1765% loss for each 1% decline beyond 15%
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Initial level: | 7,952.473
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Pricing date: | July 30
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Settlement date: | Aug. 6
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 1.33%
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Cusip: | 48132CE25
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