By William Gullotti
Buffalo, N.Y., Aug. 18 – JPMorgan Chase Financial Co. LLC priced $4.9 million of 0% capped buffered return enhanced notes due July 21, 2022 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI EAFE index and the MSCI Emerging Markets index.
If the basket finishes above its initial level, the payout at maturity will be par plus 200% of the basket return, subject to a maximum upside return of par plus 9.65%.
If the final level of the basket falls by up to 10%, the payout will be par.
If the final level of the basket is less than its initial level by more than 10%, investors will lose 1.11111% for every 1% that the basket declines beyond 10%.
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: | Capped buffered return enhanced notes
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Underlying indexes: | MSCI EAFE index, MSCI Emerging Markets index; equal weights
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Amount: | $4,899,000
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Maturity: | July 21, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes above initial level, par plus 200% of basket return, subject to maximum upside return of par plus 9.65%; if the basket falls by up to 10%, par; otherwise, 1.11111% loss for every 1% that the basket declines beyond 10%
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Initial levels: | 1,370.0 for MSCI EM, 2,382.76 for EAFE
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Buffer levels: | 90% of initial levels
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Pricing date: | June 16
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Settlement date: | June 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.3%
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Cusip: | 48132UPM9
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