By Sarah Lizee
Olympia, Wash., Oct. 5 – JPMorgan Chase Financial Co. LLC priced $3.14 million of 5.3% yield notes due Oct. 7, 2019 linked to the lesser performing of the Russell 2000 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.
Interest is payable monthly.
The payout at maturity will be par unless either asset finishes below its 80% buffer, in which case investors will lose 1.25% for each 1% loss of the worse performing asset beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $3,135,000
|
| Maturity: | Oct. 7, 2019
|
| Coupon: | 5.3%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset finishes below its 80% buffer, in which case investors will be lose 1.25% for each 1% loss of the worse performing asset beyond the buffer
|
| Initial levels: | $67.72 for ETF and 1,656.042 for Russell
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130U5Q4
|
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