By Marisa Wong
Los Angeles, March 20 – JPMorgan Chase Financial Co. LLC priced $5.22 million of 0% uncapped contingent buffered return enhanced notes due March 14, 2025 linked to the S&P 500 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 1.2 times any index gain.
Investors will receive par if the index falls by up to 15%. Otherwise, investors will lose 1% for each 1% decline of the index below 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 return enhanced notes
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Underlying index: | S&P 500
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Amount: | $5,222,000
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Maturity: | March 14, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain; par if the index falls by up to 15%; otherwise, 1% loss for each 1% decline of the index below its initial level
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Initial level: | 2,741.38
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Pricing date: | March 11
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Settlement date: | March 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132KGQ2
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