By Sarah Lizee
Olympia, Wash., Dec. 27 – JPMorgan Chase Financial Co. LLC priced $3.19 million of 0% capped buffered enhanced participation equity notes due June 18, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial level, the payout at maturity will be par plus 160% of the index return, subject to a maximum settlement amount of $1,293.60 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% index decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $3,192,000
|
| Maturity: | June 18, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of any index gain, up to maximum return of 29.36%; par if index falls by 12.5%; 1.1429% loss for each 1% index decline beyond 12.5%
|
| Initial index level: | 1,706.01
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130WLW9
|
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