By Marisa Wong
Morgantown, W.Va., July 8 – JPMorgan Chase Financial Co. LLC priced $8.45 million of 0% capped buffered enhanced participation equity notes due March 8, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,211.50 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
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: | $8,449,000
|
| Maturity: | March 8, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in index, capped at 21.15%; par if index falls by 15% or less; 1.1765% loss per 1% drop beyond 15%
|
| Initial level: | 1,620.63
|
| Barrier level: | 85% of initial level
|
| Pricing date: | July 1
|
| Settlement date: | July 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646EJS2
|
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