By Angela McDaniels
Tacoma, Wash., June 4 – JPMorgan Chase Financial Co. LLC priced $821,000 of 0% capped buffered equity notes due Sept. 3, 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 final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 11%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines 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: | Capped buffered notes
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Underlying index: | S&P 500
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Amount: | $821,000
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Maturity: | Sept. 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to 11% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 2,752.06
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.45%
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Cusip: | 48132CRW5
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