By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $1.29 million of capped buffered return enhanced notes due Oct. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 13.5%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond the buffer.
The agent is J.P. Morgan Securities LLC.
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 index: | Russell 2000
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Amount: | $1,288,000
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Maturity: | Oct. 30, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 13.5%; par if index declines by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial value: | 1,591.211
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.28746%
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Cusip: | 48130WY70
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