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
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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: | $5,000,000
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Maturity: | Aug. 31, 2021
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Coupon: | 0%
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Price: | Par
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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
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Initial level: | $39.26
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Pricing date: | Aug. 26
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Settlement date: | Aug. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.25%
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Cusip: | 48132FEA0
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