Chicago, Sept. 3 – JPMorgan Chase Financial Co. LLC priced $1.88 million 0% capped buffered enhanced participation equity notes due Feb. 9, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Then notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, investors will receive par plus 1.5 times the index return, subject to a maximum payment of $1,157.50 per $1,000 principal amount of notes.
If the index is flat or declines by no more than 25%, investors will receive par.
Otherwise, investors will lose 1.3333% for each 1% decline of the index beyond 25%.
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 enhanced participation equity notes
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Underlying index: | Dow Jones industrial average
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Amount: | $1,881,000
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Maturity: | Feb. 9, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times positive index return, subject to a maximum settlement amount of $1,157.50 per $1,000 principal amount of notes; par if index declines, but not more than 25%; 1.3333% for each 1% decline beyond 25%
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Initial price: | 25,717.74
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Buffer price: | 75% of initial level
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Pricing date: | Aug. 5
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Settlement date: | Aug. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.53%
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Cusip: | 48132CE74
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