By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $75,000 of 0% capped buffered return enhanced notes due July 30, 2021 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.
If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 15.5%.
If either index finishes flat or falls by up to 10% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the 10% buffer.
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: | Capped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $75,000
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Maturity: | July 30, 2021
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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 1.5 times return of lesser-performing index capped at par plus 15.5%; par if either index finishes flat or falls up to buffer level; 1% loss for every 1% that lesser-performing index declines beyond buffer
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Initial levels: | 1,281.878 for Russell, 2,878.48 for S&P
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Buffer levels: | 90% of initial levels
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.125%
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Cusip: | 48132KVU6
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