New York, March 7 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due Oct. 4, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 26% plus 271.5% of the return of the index, capped at par plus 66.725%.
If the index declines by no more than 13%, the payout will be par plus 200% of the sum of the return and 13%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 13%.
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 index: | Russell 2000 index
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Amount: | $2 million
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Maturity: | Oct. 4, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 26% plus 271.5% of index return, capped at par plus 66.725%; if index declines by no more than 13%, par plus 200% of the sum of the return and 13%; otherwise, 1% loss for every 1% that index declines beyond 13%
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Initial level: | Arithmetic average of index closing levels on every trading day between Feb. 27 and May 25, inclusive
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Ending level: | Arithmetic average of index closing levels on every trading day between July 3, 2028 and Sept. 29, 2028, inclusive
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Upside leverage: | 271.5%
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Cap: | 66.725%
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Buffer: | 13%
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133US29
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