By Susanna Moon
Chicago, July 28 – JPMorgan Chase Financial Co. LLC priced $4.28 million of 0% contingent buffered return enhanced notes due July 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
If each index finishes above its initial level, the payout at maturity will be par plus 1.75 times the gain of the worse performing index.
If each index falls but by no more than the 50% contingent buffer, the payout will be par.
If either index falls by more than the 50%, investors will be fully exposed to any losses of the worse performing index.
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: | Contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $4,283,000
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Maturity: | July 30, 2021
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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 1.75 times of return of worse performing index; if either index falls by up to 50%, par; otherwise, full exposure to any losses of worse performing index
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Initial levels: | 2,169.18 for S&P, 1,216.859 for Russell
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Contingent buffer: | 50%
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.63624%
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Cusip: | 46646EMP4
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