By Wendy Van Sickle
Columbus, Ohio, March 1 – JPMorgan Chase Financial Co. LLC priced $1.48 million of capped buffered return enhanced notes due Feb. 28, 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.
The payout at maturity will be par plus double any ETF gain, up to a maximum return of 21.5%.
Investors will receive par if the ETF falls by up to 10% and will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,481,000
|
| Maturity: | Feb. 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at 21.5%; par if ETF declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | $60.83
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46646QXR1
|
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