By Sarah Lizee
Olympia, Wash., March 13 – JPMorgan Chase Financial Co. LLC priced $820,000 of 0% uncapped return enhanced notes due Sept. 8, 2023 linked to a basket consisting of the Euro Stoxx 50 index with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.4 times any basket gain.
Investors will lose 1% for each 1% decline in the basket.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped return enhanced notes
|
| Underlying assets: | Euro Stoxx 50 index with an 80% weight and iShares MSCI Emerging Markets ETF with a 20% weight
|
| Amount: | $820,000
|
| Maturity: | Sept. 8, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.4 times any basket gain; 1% loss for each 1% decline in the basket
|
| Initial levels: | 3,363.58 for index, $40.97 for ETF
|
| Pricing date: | March 5
|
| Settlement date: | March 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132KEL5
|
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