By Marisa Wong
Morgantown, W.Va., Aug. 21 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% capped buffered equity notes due Aug. 20, 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.
The payout at maturity will be par plus any gain in the fund, up to a maximum return of 50%.
Investors will receive par if the fund fall by up to 14.5% and will lose 1% for every 1% decline beyond 14.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $1,159,000
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the fund, capped at 50%; par if fund falls by up to 14.5%; 1% loss for every 1% decline beyond 14.5%
|
| Initial price: | $65.99
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48130UCX1
|
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