By Marisa Wong
Morgantown, W.Va., July 10 – JPMorgan Chase Financial Co. LLC priced $1.61 million of 0% uncapped buffered return enhanced notes due June 30, 2022 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 finishes above its initial value, the payout at maturity will be par plus 1.45 times the gain.
If the index finishes flat or declines by up to 25%, the payout will be par. Investors will be exposed to any losses beyond 25%.
The agent is J.P. Morgan Securities LLC.
| 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
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| Amount: | $1.61 million
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| Maturity: | June 30, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.45 times any index gain; par if index finishes flat or declines by up to 25%; exposure to losses beyond 25%
|
| Initial level: | 3,538.32
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| Pricing date: | June 27
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| Settlement date: | June 30
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
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| Cusip: | 46647MFV0
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