By Susanna Moon
Chicago, April 26 – JPMorgan Chase Financial Co. LLC priced $10.15 million of capped buffered enhanced participation equity notes due June 18, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial value, the payout at maturity will be par plus 1.6 times the gain, up to a maximum settlement amount of $1,332 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
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 enhanced participation equity notes
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| Underlying index: | MSCI EAFE
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| Amount: | $10,153,000
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| Maturity: | June 18, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.6 times any index gain, capped at 33.2%; par if index declines by up to 15%; 1.1765% loss for each 1% decline beyond 15%
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| Initial level: | 2,043.58
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| Barrier level: | 85% of initial level
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| Pricing date: | April 16
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| Settlement date: | April 23
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129MMF0
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