By Sarah Lizee
Olympia, Wash., Oct. 9 – JPMorgan Chase Financial Co. LLC priced $692,000 of 0% uncapped contingent buffered equity notes due Sept. 30, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 28.25% and the return of the lesser performing index.
If either index falls by up to 30%, the payout at maturity will be par.
If either index falls by more than 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
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: | Uncapped contingent buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $692,000
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Maturity: | Sept. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the greater of 28.25% and the return of the lesser performing index; if either index falls by up to 30%, par; if either index falls by more than 30%, 1% loss for every 1% that the lesser-performing index declines from its initial level
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Initial levels: | 2,976.74 for S&P and 1,523.373 for Russell
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.93858%
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Cusip: | 48132FGF7
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