By Sarah Lizee
Olympia, Wash., Nov. 6 – JPMorgan Chase Financial Co. LLC priced $25.95 million of 0% contingent buffered return enhanced notes due May 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 3.425 times the gain.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $25,946,000
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Maturity: | May 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 3.425 times return; if index falls by up to 30%, par; otherwise, 1% loss per 1% decline
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Initial index level: | 3,214.41
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Contingent buffer: | 30%
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Pricing date: | Nov. 2
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Settlement date: | Nov. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.6%
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Cusip: | 48130UX91
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