By Susanna Moon
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered return enhanced notes due May 16, 2019 linked to 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.
The payout at maturity will be par plus 1.39 times any fund gain.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund drops by more than the contingent buffer.
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: | Contingent buffered return enhanced notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $1 million
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| Maturity: | May 16, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.39 times any fund gain; par if fund declines by 20% or less; full exposure to any losses if fund drops by more than contingent buffer
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| Initial level: | $56.97
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| Contingent buffer: | 20%
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| Pricing date: | May 13
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| Settlement date: | May 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 46646ECU4
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