By Marisa Wong
Morgantown, W.Va., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $741,000 of 0% contingent buffered equity notes due Aug. 31, 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 35%.
If the fund declines by up to 25%, the payout will be par.
If the fund declines by more than 25%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered equity notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $741,000
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| Maturity: | Aug. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is zero or positive, par plus the greater of the fund return and 35%; if fund declines by up to 25%, par; if fund declines by more than 25%, 1% loss for every 1% decline
|
| Initial price: | $58.38
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.51788%
|
| Cusip: | 46646ERX2
|
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