By Sarah Lizee
Olympia, Wash., Dec. 12 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% capped buffered equity notes due Dec. 31, 2020 linked to the iShares MSCI EAFE 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 13.5%.
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 EAFE ETF
|
| Amount: | $1,249,000
|
| Maturity: | Dec. 31, 2020
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| Coupon: 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the fund, capped at 13.5%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $68.48
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132FX50
|
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