By Kiku Steinfeld
Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $5 million of capped buffered return enhanced notes due Aug. 31, 2021 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 1.5 times any fund gain, capped at par plus 16.3%.
If the ETF finishes flat or falls by up to 14.25%, the payout will be par. Investors will lose 1% for each 1% decline of the fund beyond the 14.25% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $5,000,000
|
| Maturity: | Aug. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 16.3%; par if fund finishes flat or falls by up to 14.25%; one-to-one exposure to losses beyond 14.25% buffer
|
| Initial level: | $39.26
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48132FEA0
|
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