By Tali Rackner
Minneapolis, May 1 – JPMorgan Chase Financial Co. LLC priced $533,000 of 0% capped buffered return enhanced participation equity notes due Aug. 28, 2018 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.
The payout at maturity will be par plus 1.6 times any fund gain, subject to a maximum return of $1,172.48 per $1,000 of notes, with the exact cap to be set at pricing.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond the 10% buffer.
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 fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $533,000
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| Maturity: | Aug. 28, 2018
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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 fund gain, capped at $1,172.48 per $1,000 of notes; par if fund falls by up to 10%; 1.1111% loss for each 1% fund decline beyond 10%
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| Initial level: | $40
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| Pricing date: | April 27
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| Settlement date: | May 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646QQQ1
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