By Marisa Wong
Morgantown, W.Va., July 6 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% uncapped contingent buffered equity notes due June 30, 2020 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 return is zero or positive, the payout at maturity will be par plus the greater of the fund return and the contingent minimum return of 37.5%.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund drops by more than the contingent buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,188,000
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the fund return is zero or positive, par plus the greater of the fund return and 37.5%; par if the fund falls by up to 25%; full exposure to any losses if the fund drops by more than the contingent buffer
|
| Initial value: | $52.64
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.72896%
|
| Cusip: | 46646EER9
|
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