By Wendy Van Sickle
Columbus, Ohio, May 28 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% capped buffered enhanced participation equity notes due Feb. 15, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.3 times the gain, capped at par plus 18.785%.
If the index finishes flat or falls by up to 10%, payout will be par. Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.
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 buffered enhanced participation equity notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $1,025,000
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| Maturity: | Feb. 15, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.3 times any index gain, capped at par plus 18.785%; par if index finishes flat or falls by up to 10%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
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| Initial value: | 2,280.89
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| Buffer level: | 90% of initial level
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| Pricing date: | May 5
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| Settlement date: | May 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132TE93
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