By William Gullotti
Buffalo, N.Y., Oct. 31 – JPMorgan Chase Financial Co. LLC priced $6.52 million of 0% buffered return enhanced notes due Oct. 31, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.017 times any index gain.
Investors will receive par if the index falls by up to 20%. Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
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: | Buffered return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $6,524,000
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Maturity: | Oct. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.017 times any index gain; par if index declines by 20% or less; otherwise, 1.25% loss for every 1% decline beyond 20%
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Initial value: | 3,830.6
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Buffer level: | 80% of initial level
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133NPG7
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