By Sarah Lizee
Olympia, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC priced $400,000 of uncapped contingent buffered equity notes due Jan. 27, 2023 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 at or above its initial level, the payout at maturity will be par plus the return of the index.
Investors will receive par if the index falls by up to 50% and will lose 1% for each 1% decline from the initial level if the index falls by more than the contingent buffer.
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 contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $400,000
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Maturity: | Jan. 27, 2023
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Price: | Par
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Payout at maturity: | Par plus index return if index finishes above its initial level; par if the index falls by up to contingent buffer; otherwise, 1% loss for each 1% decline from initial level
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Initial level: | 3,779.16
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Contingent buffer: | 50% of initial level
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Pricing date: | Jan. 24
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Settlement date: | Jan. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48132HVV1
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