By Angela McDaniels
Tacoma, Wash., June 27 – JPMorgan Chase Financial Co. LLC priced $397,000 of 0% uncapped contingent buffered equity notes due June 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.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level or is less than its initial level by up to 30%, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 41%.
If the final level of either index is less than its initial level by more than 30%, 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 equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $397,000
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Maturity: | June 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 or is less than initial level by up to 30%, par plus greater of lesser-performing index’s return and 41%; if final level of either index is less than initial level by more than 30%, full exposure to decline of lesser-performing index
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Initial levels: | 2,113.32 for S&P 500 and 1,172.222 for Russell 2000
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Pricing date: | June 23
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.50945%
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Cusip: | 46646EGW6
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