By Marisa Wong
Morgantown, W.Va., Jan. 10 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered return enhanced notes due Jan. 9, 2020 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 closes at or above its initial level, the payout at maturity will be par plus 1.6 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any index decline if the index falls by more than the 25% contingent buffer.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Contingent buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | Jan. 9, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6 times any index gain; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline
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Initial index level: | 3,607.63
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Pricing date: | Jan. 5
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Settlement date: | Jan. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48129HL70
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