By Susanna Moon
Chicago, Oct. 28 – JPMorgan Chase Financial Co. LLC priced $1.66 million of uncapped buffered return enhanced notes due Oct. 30, 2020 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 1.15 times any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
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: | Uncapped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $1,664,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.15 times any index gain; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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| Initial level: | 2,139.43
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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: | 0.70147%
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| Cusip: | 46646EM90
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