By Marisa Wong
Morgantown, W.Va., July 20 – JPMorgan Chase Financial Co. LLC priced $373,000 of 0% uncapped contingent buffered equity notes due July 6, 2021 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 index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 25%.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline from the initial level if the index falls by more than the 25% contingent buffer.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped contingent buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $373,000
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Maturity: | July 6, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and the contingent minimum return of 25%; par if the index falls by up to 25%; 1% loss for each 1% decline from the initial level if the index falls by more than the 25% contingent buffer
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Initial value: | 2,423.41
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 46647MFB4
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