By William Gullotti
Buffalo, N.Y., March 27 – JPMorgan Chase Financial Co. LLC priced $1.84 million of 0% capped buffered enhanced participation equity notes due Sept. 24, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than the initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of par plus 18.975%.
If the index return is flat, or greater than or equal to the 85% buffer level, investors will receive par.
If the index falls by more than 15%, investors will lose 1.1765% for each 1% decline beyond the 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: | Capped buffered enhanced participation equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.84 million
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| Maturity: | Sept. 24, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.5 times the gain, capped at par plus 18.975%; if the index is flat, or greater than or equal to the 85% buffer level, par; if the index falls below the 15% buffer, investors will lose 1.1765% for each 1% decline beyond 15%
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| Initial level: | 3,951.57
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| Buffer level: | 85% of initial index level
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| Pricing date: | March 20
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| Settlement date: | March 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.51%
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| Cusip: | 48133VDT4
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