By Sarah Lizee
Olympia, Wash., April 3 – JPMorgan Chase Financial Co. LLC priced $1.92 million of 0% uncapped buffered return enhanced notes due March 28, 2024 linked to the lesser performing of the Dow Jones industrial average, the S&P 500 index and the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.65 times the gain of the least performing asset.
Investors will receive par if the least performing asset falls by up to 20%.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset from its initial level beyond 20%.
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 buffered return enhanced notes
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Underlying assets: | Dow Jones industrial average, S&P 500 index and Invesco QQQ Trust, series 1
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Amount: | $1,916,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.65 times any gain of worst performing asset; par if worst performing asset falls by up to 20%; otherwise, 1% loss for each 1% decline of worst performing asset beyond buffer
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Initial levels: | 2,475.56 for S&P, 21,200.55 for Dow and $182.30 for ETF
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Buffer levels: | 80% of initial levels
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Pricing date: | March 25
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Settlement date: | March 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48132KMZ5
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