By Wendy Van Sickle
Columbus, Ohio, March 12 – JPMorgan Chase Financial Co. LLC priced $584,000 of 0% capped buffered return enhanced notes due Aug. 31, 2022 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 150% of the lesser-performing index’s return, subject to a maximum upside return of par plus 14.5%.
If the final level of the least performing index falls by up to 10%, the payout will be par.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
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 Nasdaq-100 index
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Amount: | $584,000
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Maturity: | Aug. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus 150% of lesser-performing index’s return, subject to maximum upside return of par plus 14.5%; if least performing index falls by up to 10%, par; if final level of either index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
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Initial levels: | 13,194.71 for Nasdaq, 3,881.37 for S&P
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Buffer levels: | 90% of initial levels
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Pricing date: | Feb. 23
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Settlement date: | Feb. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.99208%
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Cusip: | 48132RRF9
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