By Wendy Van Sickle
Columbus, Ohio, June 19 – JPMorgan Chase Financial Co. LLC priced $842,000 of 0% uncapped contingent buffered return enhanced notes due June 19, 2025 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 finishes at or above its initial level, the payout at maturity will be par plus 1.035 times the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Uncapped contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $842,000
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Maturity: | June 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par 1.035 times any gain of worse performing index; par if worse performing index falls by up to 40%; otherwise, 1% loss for each 1% decline of worse performing index
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Initial levels: | 1,452.26 for Russell 2000 and 3,124.74 for S&P 500
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Buffer level: | 60% of initial levels
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Pricing date: | June 16
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Settlement date: | June 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48132MHM6
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