By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – JPMorgan Chase Financial Co. LLC priced $692,000 of capped buffered return enhanced notes due Aug. 31, 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 return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 7.5%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 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: | Capped buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $692,000
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Maturity: | Aug. 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any gain, capped at par plus 7.5%; par if index declines by up to 10%; 1% loss for each 1% index decline beyond 10%
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Initial level: | 2,980.38
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.39036%
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Cusip: | 48132CZY2
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