By Angela McDaniels
Tacoma, Wash., May 27 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% uncapped contingent buffered return enhanced notes due May 28, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 1.65 times the return of the lesser-performing index.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to 50% of its initial level, the payout will be par.
If the final level of either index is less than its initial level by more than 50%, investors will be fully exposed to the decline of the lesser-performing index.
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 contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,452,000
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Maturity: | May 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus 1.65 times return of lesser-performing index; if final level of either index is less than initial level but final level of each index is greater than or equal to 50% of initial level, par; if final level of either index is less than initial level by more than 50%, full exposure to decline of lesser-performing index
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Initial levels: | 2,090.54 for S&P 500 and 1,141.024 for Russell 2000
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.70902%
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Cusip: | 46646EBH4
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