By Sarah Lizee
Olympia, Wash., April 1 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% buffered digital notes due April 1, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent digital return of 21%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 10%.
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 digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,218,000
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Maturity: | April 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 21%; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of the worse performing index beyond 10%
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Initial levels: | 1,535.104 for Russell and 2,815.44 for S&P
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Pricing date: | March 28
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Settlement date: | April 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48130WH95
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