By Marisa Wong
Los Angeles, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $825,000 of 0% capped buffered return enhanced notes due March 25, 2022 linked to the iShares MSCI EAFE 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 12%.
If the fund finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $825,000
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| Maturity: | March 25, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 12%; par if fund declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | $63.46
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 25
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132PDS0
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