New York, June 9 – JPMorgan Chase Financial Co. LLC priced $70,000 of capped buffered return enhanced notes due June 12, 2018 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.
The payout at maturity will be par plus double any index gain, up to a maximum return of par plus 19%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
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 index: | S&P 500 index
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Amount: | $750,000
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Maturity: | June 12, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 19%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
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Initial level: | 2,112.13
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Pricing date: | June 7
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Settlement date: | June 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46646EFX5
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