Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $918,000 of 0% capped buffered enhanced participation equity notes due April 14, 2021 linked to the MSCI EAFE index, 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 the index return if the final index level is above its initial level, subject to a maximum payout of $1,218.25 per $1,000 of notes.
If the index decreases, but no more than 12.5%, the payout will be par.
Otherwise, investors will lose 1.1429% per 1% decrease in the index beyond the 12.5% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $918,000
|
| Maturity: | April 14, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times index return if index return is positive, capped at $1,218.25 per $1,000 of notes; par if the index declines but not more than 12.5%; 1.1429% loss per 1% decrease in index beyond 12.5% buffer
|
| Initial level: | 1,846.36
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CW25
|
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