By Sarah Lizee
Olympia, Wash., Aug. 15 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped buffered return enhanced notes due Aug. 15, 2024 linked to a basket of an index and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 2.2 times any basket gain.
Investors will receive par if the basket falls by up to 20% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Basket components: | Euro Stoxx 50 index with an 80% weight and iShares MSCI Emerging Markets ETF with a 20% weight
|
| Amount: | $1 million
|
| Maturity: | Aug. 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.2 times any basket gain; if basket falls by up to 20%, par; otherwise, 1% loss for each 1% decline beyond 20%
|
| Initial index levels: | 3,326.55 for Stoxx and $39.39 for EM ETF
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132FAW6
|
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