By Wendy Van Sickle
Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC priced $2.34 million of 0% uncapped contingent buffered return enhanced notes due June 30, 2023 linked to the lesser performing of the Euro Stoxx 50 index and 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 each asset finishes above its initial level, the payout at maturity will be par plus 3.35 times the gain in the worse performing asset.
If either asset falls but neither falls by more than 50%, the payout will be par. Investors will be fully exposed to the decline of the worse performing asset if it falls by more than the 50% contingent buffer.
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: | Uncapped contingent buffered return enhanced notes
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $2,344,000
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each component gains, par plus 3.35 times gain of worse performing index or fund; par if lesser component falls by up to 50%; otherwise, 1% loss per 1% drop of worse performing component
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Initial levels: | $66.97 for ETF and 3,395.6 for index
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Contingent buffer: | 50%
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.77544%
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Cusip: | 48129MXJ0
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