By Sarah Lizee
Olympia, Wash., June 5 – JPMorgan Chase Financial Co. LLC sold $71,000 of 0% capped buffered return enhanced notes due June 3, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 2 times any ETF gain, up to a maximum payout of par plus 16%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $71,000
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| Maturity: | June 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 16%; par if ETF falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial ETF level: | $37.73
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.70775%
|
| Cusip: | 48132KQ65
|
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