By Sarah Lizee
Olympia, Wash., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $2.45 million of capped buffered return enhanced notes due June 23, 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 1.5 times any gain, capped at par plus 7%.
If the index declines by up to 5%, the payout will be par. Investors will lose 1% for each 1% decline beyond 5%.
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 index
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Amount: | $2.45 million
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Maturity: | June 23, 2020
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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 gain, capped at par plus 7%; par if index declines by up to 5%; 1% loss for every 1% decline beyond 5%
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Initial level: | 3,133.64
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Buffer level: | 95% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.15%
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Cusip: | 48132FX68
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