By Marisa Wong
Morgantown, W.Va., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1.13 million of capped buffered return enhanced notes due Aug. 5, 2019 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.
If the ETF closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 20%.
If the ETF 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 ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.13 million
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| Maturity: | Aug. 5, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times return of ETF, capped at par plus 20%; par if ETF declines by up to 10%; exposure to losses beyond 10%
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| Initial value: | $43.80
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.44757%
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| Cusip: | 46647MVG5
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