By Sarah Lizee
Olympia, Wash., Oct. 23 – JPMorgan Chase Financial Co. LLC priced $1.02 million of capped buffered equity notes due Nov. 22, 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.
The payout at maturity will be par plus any fund gain, up to a maximum payout of 11.2%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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: | $1.02 million
|
| Maturity: | Nov. 22, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the fund, capped at 11.2%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $63.74
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7%
|
| Cusip: | 48130UG82
|
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