By Kiku Steinfeld
Chicago, May 27– JPMorgan Chase Financial Co. LLC priced $477,000 of 0% capped buffered return enhanced notes due Oct. 31, 2023 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 finishes above its initial level, the payout at maturity will be par plus 200% of the lesser-performing index’s return, subject to a maximum upside return of par plus 23.5%.
If the final level of the least performing index falls by up to 15%, the payout will be par.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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: | Capped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $477,000
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Maturity: | Oct. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus 200% of lesser-performing index’s return, subject to maximum upside return of par plus 23.5%; if least performing index falls by up to 15%, par; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
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Initial levels: | 2,266.449 for Russell, 4,181.17 for S&P
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Buffer levels: | 85% of initial levels
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.43082%
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Cusip: | 48132TPM2
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