Chicago, May 10 – JPMorgan Chase Financial Co. LLC priced $338,000 of 0% uncapped buffered return enhanced notes due March 27, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each ETF gains, the payout at maturity will be par plus 1.25 times the return of the lesser-performing ETF.
If either ETF finishes flat or falls by up to 20% of its initial level, the payout will be par.
If either ETF falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing ETF declines beyond the 20% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped buffered return enhanced notes
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Underlying ETFs: | iShares MSCI Emerging Markets ETF and the iShares Global Clean Energy ETF
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Amount: | $338,000
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Maturity: | March 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each ETF gains, par plus 1.25 times the return of lesser-performing ETF; par if either ETF finishes flat or falls up to 20% of initial level; 1% loss for every 1% that lesser-performing ETF declines beyond 20% buffer
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Initial levels: | $53.92 for EM, $23.90 for Clean Energy
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Buffer levels: | 80% of initial levels
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Pricing date: | March 22
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Settlement date: | March 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132TEE2
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