By Marisa Wong
Morgantown, W.Va., April 17 – JPMorgan Chase Financial Co. LLC priced $2.58 million of 0% capped dual directional buffered equity notes due April 16, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus the ETF return, capped at par plus 7%.
If the ETF falls by up to 15%, the payout will be par plus the absolute value of the ETF return.
If the ETF falls by more than the buffer, investors will lose 1.17647% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,575,000
|
| Maturity: | April 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain, capped at par plus 7%; par plus absolute value of return if ETF falls by up to 15%; 1.17647% loss for every 1% decline beyond 15%
|
| Initial value: | $42.92
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130WN80
|
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