By William Gullotti
Buffalo, N.Y., Dec. 28 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% buffered return enhanced notes due Nov. 18, 2033 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.97 times any index gain.
Investors will receive par if the index falls by up to 50%. Otherwise, investors will lose 1% for each 1% decline from initial level.
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: | Buffered return enhanced notes
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Underlying index: | S&P 500 Futures Excess Return index
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Amount: | $5 million
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Maturity: | Nov. 18, 2033
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.97 times any index gain; par if index declines by 50% or less; otherwise, full exposure to index decline from initial level
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Initial value: | 401.13
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Buffer level: | 50% of initial level
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Strike date: | Nov. 15
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48134RB56
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