New York, Sept. 19 – JPMorgan Chase Financial Co. LLC priced $25 million of 0% capped return enhanced notes due Oct. 16, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 300% of the return of the index capped at par plus 20.05%. Investors will lose 1% for every 1% that the index declines.
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 return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $25 million
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Maturity: | Oct. 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 300% of index return capped at par plus 20.05%; 1% loss for every 1% that index declines
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Initial level: | 3,932.69 on strike date of Sept. 13
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Upside leverage: | 300%
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Cap: | 20.05%
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Pricing date: | Sept. 14
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Settlement date: | Sept. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.1%
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Cusip: | 48133MZC7
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