By Emma Trincal
New York, May 3 – JPMorgan Chase Financial Co. LLC priced $35.4 million of uncapped buffered return enhanced notes due Jan. 12, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.565 times any gain.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 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: | Uncapped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $35,400,000
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Maturity: | Jan. 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus1.565 times any gain; par if index declines by up to 10%; one-to-one exposure to losses beyond 10%
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Initial level: | 3,721.36
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Buffer level: | 90% of initial level
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Strike date: | April 26
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Pricing date: | April 27
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Settlement date: | May 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.10874%
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Cusip: | 48133FWN1
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