By Angela McDaniels
Tacoma, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $268,000 of 0% uncapped contingent buffered equity notes due May 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.
If the final level of each index is greater than or equal to its initial level or is less than its initial level by up to 30%, the payout at maturity will be par plus the greater of 29.5% and the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 29.5%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
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 equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $268,000
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Maturity: | May 31, 2024
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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 or equal to initial level or is less than initial level by up to 30%, par plus greater of 29.5% and lesser-performing index’s return; if final level of either index is less than initial level by more than 29.5%, 1% loss for every 1% that lesser-performing index declines from initial level
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Initial levels: | 1,465.487 for Russell 2000 and 2,752.06 for S&P 500
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.79151%
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Cusip: | 48132CHF3
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