By Wendy Van Sickle
Columbus Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $1.15 million of 0% capped buffered return enhanced notes due Oct. 22, 2021 linked to a basket of the S&P 500 index with a 75% weight and the iShares MSCI EAFE ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes above its initial value, the payout at maturity will be par plus 1.25 times the gain, with the payout capped at par plus 29.9%.
If the basket finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
| 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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| Basket components: | S&P 500 index (75% weight), iShares MSCI EAFE ETF (25% weight)
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| Amount | $1.15 million
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| Maturity: | Oct. 22, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.25 times any basket gain, capped at par plus 29.9%; par if basket declines by up to 20%; exposure to losses beyond 20%
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| Initial values: | 2,767.78 for index, $63.74 for ETF
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| Pricing date: | Oct 19
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| Settlement date: | Oct. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48130UG25
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