By Wendy Van Sickle
Columbus, Ohio, April 2 – JPMorgan Chase Financial Co. LLC priced $584,000 of 0% uncapped buffered return enhanced notes due March 31, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.25 times the return of the lesser-performing index.
If either index finishes flat or falls by up to 15% of its initial level, the payout will be par.
If either index falls by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the 15% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $584,000
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Maturity: | March 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.25 times return of lesser-performing index; par if either index finishes flat or falls up to 15% of initial level; 1% loss for every 1% that lesser-performing index declines beyond 15%
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Initial levels: | 1,180.319 for Russell 2000, 2,630.07 for S&P
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Buffer levels: | 85% of initial levels
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.08926%
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Cusip: | 48132HY55
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