By Marisa Wong
Morgantown, W.Va., July 16 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped contingent buffered return enhanced notes due June 30, 2023 linked to the lesser performing of the S&P 500 Low Volatility High Dividend index and the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par 4.4 times any gain of the worse performing index.
If either index falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 return enhanced notes
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Underlying indexes: | S&P 500 Low Volatility High Dividend index and Euro Stoxx Select Dividend 30 index
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Amount: | $500,000
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 4.4 times any gain of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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Initial levels: | 6,823.85 for S&P and 1,954.52 for Stoxx
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Pricing date: | June 26
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Settlement date: | June 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 5%
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Cusip: | 48129MXN1
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