By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – JPMorgan Chase Financial Co. LLC priced $5.94 million of uncapped dual directional contingent buffered return enhanced notes due Oct. 31, 2019 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 ETF finishes at or above its initial level, the payout at maturity will be par plus 133% of the ETF gain.
If the ETF falls by up to the 20% contingent buffer, the payout will be par plus the absolute value of the return.
If the ETF falls by more than the 20%, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $5,936,000
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| Maturity: | Oct. 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 133% of return; if ETF falls by up to 20%, par plus absolute return; otherwise, full exposure to any losses
|
| Initial level: | $57.79
|
| Contingent buffer: | 20%
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 46646E3D2
|
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