By Wendy Van Sickle
Columbus, Ohio, April 14 – JPMorgan Chase Financial Co. LLC priced $845,000 of 0% capped buffered return enhanced notes due April 6, 2023 linked to an unequally-weighted basket consisting of the MSCI EAFE index with a 60% weight and the MSCI Emerging Markets index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any basket gain up to par plus 53.5%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
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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| Basket components: | MSCI EAFE index with a 60% weight and MSCI Emerging Markets index with a 40% weight
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| Amount: | $845,000
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| Maturity: | April 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any basket gain, capped at par plus 53.5%; if basket falls by up to 10%, par; otherwise, 1% loss for each 1% decline beyond buffer
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| Initial index levels: | 1,506.66 for EAFE and 838.43 for EM
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| Buffer level: | 90% of initial basket level
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| Pricing date: | April 1
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| Settlement date: | April 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132KB38
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