By William Gullotti
Buffalo, N.Y., Sept. 17 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped accelerated barrier notes due June 29, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain, with the payout capped at par plus 29.4%.
If the index finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to any index decline below the initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying index: | MSCI Emerging Markets index
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| Amount: | $250,000
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| Maturity: | June 29, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 29.4%; par if index finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% index decline below the initial level
|
| Initial value: | 1,379.59
|
| Barrier value: | 1,103.672; 80% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132UTC7
|
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