By Marisa Wong
Morgantown, W.Va., June 3 – JPMorgan Chase Financial Co. LLC priced $2.83 million of 0% capped buffered return enhanced notes due June 12, 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.
If the fund closes at or above its initial value, the payout at maturity will be par plus 1.5 times any gain with the payout capped at par plus 10.1%.
If the fund declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $2.83 million
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| Maturity: | June 12, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 10.1%; par if fund declines by up to 10%; exposure to losses beyond 10%
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| Initial value: | $64.85
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| Pricing date: | May 9
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| Settlement date: | May 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132CLV3
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