By Marisa Wong
Los Angeles, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $227,000 of 0% capped buffered return enhanced notes due Nov. 15, 2021 linked to the iShares ESG Aware MSCI USA exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 9.525%.
If the fund finishes flat or declines by up to 10%, the payout will be par. Investors will lose 1.11111% for every 1% decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | iShares ESG Aware MSCI USA ETF
|
| Amount: | $227,000
|
| Maturity: | Nov. 15, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 9.525%; par if fund declines by up to 10%; 1.11111% loss for every 1% decline beyond 10%
|
| Initial value: | $77.24
|
| Final value: | Average of closing prices on each of the five trading days ending Nov. 9, 2021
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132PHH0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
