By Kiku Steinfeld
Chicago, July 1 – JPMorgan Chase Financial Co. LLC priced $4.26 million of 0% capped buffered enhanced participation equity notes due Dec. 8, 2021 linked to the MSCI EAFE 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 level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 19.2%.
If the index finishes flat or falls by up to 7%, payout will be par. Otherwise, investors will lose 1.0753% for every 1% index decline beyond 7%.
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 enhanced participation equity notes
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Underlying index: | MSCI EAFE index
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Amount: | $4,256,000
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Maturity: | Dec. 8, 2021
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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 index gain, capped at par plus 19.2%; par if index finishes flat or falls by up to 7%; otherwise, 1.0753% loss for every 1% index decline beyond 7%
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Initial value: | 1,802.74
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Buffer level: | 93% of initial level
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Pricing date: | June 16
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Settlement date: | June 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.08%
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Cusip: | 48132MGY1
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