By Marisa Wong
Morgantown, W.Va., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $634,000 of capped buffered return enhanced notes due Sept. 5, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF closes at or above its initial value, the payout at maturity will be par plus 2 times any gain, with the payout capped at par plus 17%.
If the ETF declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond 10%.
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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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $634,000
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Maturity: | Sept. 5, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times return of ETF, capped at par plus 17%; par if ETF declines by up to 10%; exposure to losses beyond 10%
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Initial price: | $44.83
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 46647ME41
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