By Devika Patel
Knoxville, Tenn., Dec. 29 – JPMorgan Chase Financial Co. LLC priced $330,000 of uncapped contingent buffered equity notes due Dec. 24, 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 ETF 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 38.5%.
Investors will receive par if the ETF falls by up to 25% and will lose 1% for each 1% decline if the ETF falls by more than the 25% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
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| Underlying ETF: | iShares MSCI EAFE exchange-traded fund
|
| Amount: | $330,000
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| Maturity: | Dec. 24, 2020
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| Price: | Par
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| Payout at maturity: | Par plus the greater of the gain and the contingent minimum return of 38.5% if ETF finishes above its initial level; par if the ETF falls by up to 25%; otherwise, 1% loss for each 1% decline
|
| Initial level: | $58.24
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.54773%
|
| Cusip: | 46646QCY9
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