By Wendy Van Sickle
Columbus, Ohio, March 15 – JPMorgan Chase Financial Co. LLC priced $2.46 million of 0% autocallable buffered equity notes due Sept. 16, 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.
If the index closes at or above its initial level on March 20, 2020, the notes will be automatically called at par plus a call premium of 7.34%.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 11.01%.
If the index falls by up to 10%, the payout will be par. If the index falls by more than 10%, investors will lose 1.1111% 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: | Autocallable buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $2,458,000
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Maturity: | Sept. 16, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus 11.01%; if index falls by up to 10%, par; if index falls by more than 10%, 1.1111% loss for every 1% decline beyond 10%
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Call: | Automatically at par plus a 7.34% call premium if index closes at or above its initial level on March 20, 2020
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Initial level: | 2,810.92
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Pricing date: | March 13
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Settlement date: | March 20
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Agent: | JPMorgan Securities LLC
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Fees: | 1.53%
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Cusip: | 48130WD24
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