By Susanna Moon
Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $7.62 million of 0% buffered Performance Leveraged Upside Securities due June 3, 2021 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.
The payout at maturity will be par plus double any index gain up to a maximum payout of $12.285 per $10.00 PLUS.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses beyond the buffer.
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 Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $7,624,750
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| Maturity: | June 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 22.85%; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial value: | 2,701.58
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48130V442
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