By Taylor Fox
New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered return enhanced notes due June 13, 2022 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.
If the index finishes above its initial value, the payout at maturity will be par plus double the gain, with the payout capped at par plus 13.2%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% decline beyond the 10% buffer.
The agent is J.P. Morgan Securities LLC.
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 index: | S&P 500 index
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Amount: | $1 million
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Maturity: | June 13, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, capped at par plus 13.2%; par if index finishes flat or declines by up to 10%; 1.1111% loss for each 1% decline beyond 10% buffer
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Initial value: | 3,916.38
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Buffer level: | 90% of initial level
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Pricing date: | Feb. 12
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Settlement date: | Feb. 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.16%
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Cusip: | 48132R4T4
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