By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $2.54 million of 0% capped buffered return enhanced notes due Sept. 30, 2019 linked to the S&P GSCI index excess return, according to a 424B2 filing with the Securities and Exchange.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus double any index gain, up to a maximum return of 36%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 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 GSCI index excess return
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Amount: | $2,543,000
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Maturity: | Sept. 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 36%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial index level: | 212.2925
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46646EZJ4
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