By Angela McDaniels
Tacoma, Wash., June 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped contingent buffered return enhanced notes due June 13, 2022 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 its initial level, the payout at maturity will be par plus 1.6 times the return of the lesser-performing index.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 50% or if the final level of each index is equal to its initial level or is less than its initial level by up to 50%, 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 million
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Maturity: | June 13, 2022
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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 initial level, par plus 1.6 times return of lesser-performing index; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 50% or if final level of each index is equal to initial level or is less than initial level by up to 50%, 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 index levels: | 1,415.612 for Russell 2000 and 2,433.79 for S&P 500
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Pricing date: | June 8
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Settlement date: | June 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 46647MGQ0
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