By Susanna Moon
Chicago, Dec. 15 – JPMorgan Chase Financial Co. LLC priced $3.54 million of 0% buffered return enhanced notes due Dec. 21, 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.
If each index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index, up to a maximum return of 9.25%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
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: | Capped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $3.54 million
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Maturity: | Dec. 21, 2018
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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 1.5 times gain of worse performing index, capped at 9.25%; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 10%
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Initial index levels: | 2,639.44 for S&P and 1,532.414 for Russell
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Pricing date: | Dec. 4
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Settlement date: | Dec. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48129HSY4
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