By Susanna Moon
Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $975,000 of 0% contingent buffered return enhanced notes due Nov. 1, 2022 tied to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial level, the payout at maturity will be par plus 1.55 times the gain of the worse performing component.
If either fund falls by up to the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF
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| Amount: | $975,000
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| Maturity: | Nov. 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each fund gains, par plus 1.55 times return of worse performing fund; if either component falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing fund
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| Initial index levels: | $45.48 for EM fund, $69.02 for EAFE fund
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| Contingent buffer: | 50%
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 48129HGA9
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