By Marisa Wong
Los Angeles, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% capped contingent buffered return enhanced notes due Nov. 28, 2025 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 finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 30%.
Investors will receive par if the index falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
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 contingent buffered return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $1,214,000
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Maturity: | Nov. 28, 2025
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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 index gain, capped at par plus 30%; par if index falls by up to 40%; otherwise, 1% loss for each 1% decline of index below its initial level
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Initial level: | 3,635.41
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Pricing date: | Nov. 24
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Settlement date: | Nov. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48132P2P8
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