By Angela McDaniels
Tacoma, Wash., March 21 – JPMorgan Chase Financial Co. LLC priced $8.85 million of 0% capped buffered enhanced participation equity notes due Sept. 21, 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 two times the index return, up to a maximum return of 20.7%. Investors will receive par if the index declines by 7% or less and will lose 1.0753% for every 1% that the index declines beyond 7%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $8,846,000
|
| Maturity: | Sept. 21, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, capped at 20.7%; par if index declines by 7% or less; 1.0753% loss for every 1% that index declines beyond 7%
|
| Initial index level: | 1,907.49
|
| Pricing date: | March 19
|
| Settlement date: | March 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.11%
|
| Cusip: | 48130WG54
|
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