By Susanna Moon
Chicago, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% contingent buffered return enhanced notes due July 29, 2022 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial level, the payout at maturity will be par 2.5 times the gain of the worse performing asset.
If either asset falls by up to its 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered return enhanced notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $1,319,000
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| Maturity: | July 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 2.5 times return of worse performing asset; if either asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
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| Initial levels: | 3,525.49 for index, $68.88 for fund
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| Contingent buffer: | 50%
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48129MD94
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