By Susanna Moon
Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $705,000 of 0% buffered return enhanced notes due Dec. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus 1.5 times the gain up to a maximum return of 11.3%.
If the asset falls by up to 5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
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
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Amount: | $314,000
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain capped at 11.3%; if asset falls by up to 5%, par; otherwise, 1% loss for each 1% decline beyond 5%
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Initial level: | 2,760.17
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Pricing date: | Nov. 30
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Settlement date: | Dec. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48130WEL1
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