By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $1.9 million of 0% capped buffered return enhanced notes due May 28, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 20% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 9.25%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped buffered return enhanced notes
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Basket components: | S&P 500 index (50% weight), MSCI EAFE index (30% weight) and MSCI Emerging Markets index (20% weight)
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Amount: | $1.9 million
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Maturity: | May 28, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain up to maximum payout of par plus 9.25%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
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Initial levels: | 1,059.63 for MSCI Emerging Markets, 2,800.71 for S&P 500, 1,882.97 for EAFE
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Pricing date: | March 27
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Settlement date: | April 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48130WM73
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