By Marisa Wong
Morgantown, W.Va., Aug. 7 – JPMorgan Chase Financial Co. LLC priced $30.05 million of capped buffered enhanced participation equity notes due Aug. 5, 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 finishes above its initial value, the payout at maturity will be par plus 2.25 times the index return, with the payout capped at par plus 42.975%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1.1765% for every 1% decline beyond 15%.
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: | Capped buffered enhanced participation equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $30.05 million
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Maturity: | Aug. 5, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2.25 times any index gain, capped at par plus 42.975%; par if index declines by up to 15%; 1.1765% loss for every 1% decline beyond 15%
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Initial value: | 3,482.40
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Pricing date: | Aug. 3
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Settlement date: | Aug. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48129MS56
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