By Angela McDaniels
Tacoma, Wash., July 30 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% capped buffered return enhanced notes due July 31, 2023 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 1.5 times the index return, subject to a maximum return of 36.75%. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index may decline beyond 25%.
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 return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1,315,000
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Maturity: | July 31, 2023
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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, up to 36.75% maximum return; par if index declines by 25% or less; 1% loss for every 1% that index may decline beyond 25%
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Initial level: | 3,025.86
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | None Cusip: | 48132C6J7
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