By Taylor Fox
New York, Nov. 19 – JPMorgan Chase Financial Co. LLC priced $1.67 million of 0% capped contingent buffered return enhanced notes due Nov. 4, 2025 linked to an unequally weighted basket of iShares Russell 3000 ETF, with an 80% weight, the iShares MSCI EAFE ETF with a 10% weight and the iShares MSCI Emerging Markets ETF with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.5 times any gain of the basket, with the payout capped at par plus 70%.
Investors will receive par if the basket falls by up to 30%.
Otherwise, investors will lose 1% for each 1% decline of the basket.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying basket: | iShares Russell 3000 ETF (80% weight), iShares MSCI EAFE ETF (10% weight) and iShares MSCI Emerging Markets ETF (10% weight)
|
| Amount: | $1,665,000
|
| Maturity: | Nov. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket finishes at or above initial level, par plus 1.5 times any gain of basket, with the payout capped at par plus 70%; par if basket falls by up to 30%; otherwise, 1% loss for each 1% decline
|
| Initial levels: | $191.94 for Russell, $61.39 for MSCI EAFE and $44.71 for MSCI EM
|
| Buffer level: | 70% of initial level
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08746%
|
| Cusip: | 48132PPH1
|
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