By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $2.2 million of autocallable contingent buffered return enhanced notes due April 2, 2020 linked to an equally weighted basket of the iShares MSCI EAFE exchange-traded fund and 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 notes will be automatically called at par of $1,000 plus a 10% call premium if the basket closes at or above 110% of the initial share price on Sept. 28, 2018.
The payout at maturity will be par plus 1.75 times any basket gain.
Investors will receive par if the basket fall by up to 20% and will be fully exposed to losses if the fund finishes below the 20% contingent buffer level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered return enhanced notes
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| Basket components: | iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, equally weighted
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| Amount: | $2.2 million
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| Maturity: | April 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than initial basket level, par plus 1.75 times basket return; if basket falls by up to 20%, par; if basket falls by more than 20%, full exposure to basket’s decline from initial level
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| Call: | Automatically called at par plus call premium of 10% per year if basket closes at or above 110% call value on Sept. 28, 2018
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| Initial values: | $62.60 for EAFE, $39.81 for Emerging Markets
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.35%
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| Cusip: | 46646Q2A2
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