By Tali Rackner
Norfolk, Va., July 12 – JPMorgan Chase Financial Co. LLC priced $615,000 of 0% capped buffered return enhanced notes due July 7, 2020 linked to the iShares MSCI Emerging Markets 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 1.45 times any index gain, up to a maximum return of 43.5%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
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: | Capped buffered return enhanced notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $615,000
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| Maturity: | July 7, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.45 times any fund gain, capped at 43.5%; par if fund declines by 15% or less; otherwise, 1% loss for each 1% decline beyond 15%
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| Initial value: | $34.71
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| Pricing date: | July 1
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| Settlement date: | July 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.6%
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| Cusip: | 46646EKL5
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