By Wendy Van Sickle
Columbus, Ohio, July 28 – JPMorgan Chase Financial Co. LLC priced $218,000 of 0% uncapped contingent buffered return enhanced notes due July 31, 2024 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 165% of any gain of the lesser-performing index. If the lesser performing index falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to the loss 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: | $218,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 165% of any gain of lesser-performing index; par if lesser-performing index falls up to 50%; otherwise, full exposure to loss of lesser-performing index
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Initial index levels: | 2,477.83 for S&P, 1,442.279 for Russell
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 46647MVB6
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