By Wendy Van Sickle
Columbus, Ohio, May 18 – JPMorgan Chase Financial Co. LLC priced $5.85 million of 0% capped trigger absolute return securities due Oct. 31, 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 final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the return, subject to a maximum gain of 10.75%.
If the index declines by up to 20%, the payout will be par plus the absolute value of the return.
If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Finance Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped trigger absolute return securities
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Underlying index: | S&P 500
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Amount: | $5,845,000
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Maturity: | Oct. 31, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus index return, subject to 10.75% maximum gain; if index declines by up to the downside threshold level, par plus the absolute value of the return; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level
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Initial index level: | 4,186.72
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Downside threshold: | 3,349.38, 80% of initial level
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Pricing date: | April 27
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132V259
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