By Kiku Steinfeld
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $1.64 million of 0% uncapped contingent buffered return enhanced notes due Oct. 5, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.875 times any gain of the lesser-performing asset.
If either asset declines by up to 5%, the payout will be par.
Investors will lose 1% for every 1% that the lesser-performing asset declines beyond 5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $1,641,000
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| Maturity: | Oct. 5, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 1.875 times gain of lesser-performing asset; if any asset declines by up to 5%, par; 1% loss for every 1% that lesser-performing asset declines beyond buffer
|
| Initial levels: | $63.65 for ETF and 3,193.61 for index
|
| Buffer levels: | 95% of initial levels
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 09709TW56
|
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