By Angela McDaniels
Tacoma, Wash., June 20 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% capped buffered enhanced participation equity notes due March 12, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.6 times the index return, up to a maximum return of 18.96%. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
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: | Capped buffered enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $1,091,000
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Maturity: | March 12, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6 times any index gain, capped at 18.96%; par if index declines by 12.5% or less; 1.1429% loss for every 1% that index declines beyond 12.5%
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Initial level: | 2,917.75
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Pricing date: | June 18
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Settlement date: | June 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132CVK6
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