By Sarah Lizee
Olympia, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC priced $975,000 of 0% capped buffered equity notes due Jan. 27, 2022 linked to the iShares MSCI Emerging Markets ETF, 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 any gain in the fund, up to a maximum return of 20%.
Investors will receive par if the fund 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 equity notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $975,000
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| Maturity: | Jan. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain in the fund, capped at 20%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $44.60
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132HUD2
|
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