By Susanna Moon
Chicago, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $3.7 million of 0% capped buffered return enhanced notes due Dec. 26, 2018 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.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus double any index gain, up to a maximum return of 22.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
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
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Amount: | $3,697,000
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Maturity: | Dec. 26, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 22.5%; par if index falls by up to 10%; exposure to any losses beyond 10%
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Initial level: | 1,383.956
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Pricing date: | Dec. 20
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Settlement date: | Dec. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.26163%
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Cusip: | 46646QCH6
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