By Marisa Wong
Morgantown, W.Va., Aug. 3 – JPMorgan Chase Financial Co. LLC priced $1.04 million of capped buffered return enhanced notes due July 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 fund finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 15%.
If the fund finishes flat or declines by up to 19%, the payout will be par. Investors will be exposed to any losses beyond 19%.
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 fund: | iShares MSCI EAFE ETF
|
| Amount: | $1,042,000
|
| Maturity: | July 31, 2019
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 15%; par if fund finishes flat or declines by up to 19%; exposure to losses beyond 19%
|
| Initial value: | $66.87
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46647MXJ7
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