By Wendy Van Sickle
Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $1.35 million of 0% uncapped contingent buffered equity notes due March 31, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 40%.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
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| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,346,000
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| Maturity: | March 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus greater of gain or 40%; par if ETF falls up to 25%; full exposure to loss if ETF falls by more than 25%
|
| Initial value: | $56.69
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64766%
|
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| Cusip: | 48128GQG8
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