By Sarah Lizee
Olympia, Wash., June 19 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% contingent buffered return enhanced notes due Dec. 18, 2019 linked to the Euro Stoxx Banks 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 level, the payout at maturity will be par plus 1.4 times the gain.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
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 Banks index
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Amount: | $2.65 million
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Maturity: | Dec. 18, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 1.4 times return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
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Initial index level: | 111.98
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Pricing date: | June 15
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Settlement date: | June 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48129M2Q8
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