By Marisa Wong
Morgantown, W.Va., May 9 – JPMorgan Chase Financial Co. LLC priced $5.57 million of 0% capped buffered enhanced participation equity notes due May 6, 2020 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 return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payout of $1,324.75 per $1,000 of notes. Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for each 1% that it declines beyond 12.5%.
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
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Amount: | $5,566,000
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Maturity: | May 6, 2020
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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 32.475%; par if index falls by up to 12.5%; 1.1429% loss for each 1% index decline beyond 12.5%
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Initial level: | 2,031.20
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Pricing date: | May 4
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Settlement date: | May 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48129MSA5
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