By Wendy Van Sickle
Columbus, Ohio, March 10 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% uncapped contingent buffered equity notes due March 4, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a contingent minimum return of 38.5%.
If the lesser performing index falls by up to 25%, the payout will be par.
If either index falls by more than 25% investors will lose 1% for every 1% that the least performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped contingent buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1.04 million
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Maturity: | March 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the lesser-performing index’s return, subject to a contingent minimum return of 38.5%, par; if lesser performing index falls by up to 25%, par; if either index falls by more than 25%, 1% loss for every 1% that the least-performing index declines from its initial level
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Initial levels: | 1,476.431 for Russell and 2,954.22 for S&P
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132H3Z3
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