By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% uncapped contingent buffered return enhanced notes due Oct. 31, 2023 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 each index finishes at or above the initial level, the payout at maturity will be par plus 1.17 times the return of the lesser-performing index.
If either index falls but by no more than the 50% contingent buffer, the payout will be par.
If either index falls by more than 50%, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Uncapped contingent buffered return enhanced notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1,087,000
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Maturity: | Oct. 31, 2023
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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 1.17 times return of the lesser-performing index; if either index falls by up to 50%, par; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 2,658.69 for S&P and 1,483.82 for Russell
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48130U2J3
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