By Susanna Moon
Chicago, April 21 – JPMorgan Chase Financial Co. LLC priced $4.17 million of 0% uncapped contingent buffered return enhanced notes due Oct. 24, 2019 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.6 times the gain of the lesser performing index.
If either index falls but by no more than the 25% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $746,000
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Maturity: | Oct. 24, 2019
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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 1.6 times return of worse performing index; par if either index falls by up to 25%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 2,338.17 for S&P and 1,367.133 for Russell
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Contingent buffer: | 25%
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Pricing date: | April 19
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Settlement date: | April 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 46646Q4Z5
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