By Susanna Moon
Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $6.72 million of 0% buffered return enhanced notes due Nov. 20, 2023 linked to a basket of two components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the underlying basket finishes above its initial level, the payout at maturity will be par plus 2.28 times the gain.
If the basket falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
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: | Uncapped buffered return enhanced notes
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Underlying basket: | Euro Stoxx 50 index (80% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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Amount: | $6,724,000
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Maturity: | Nov. 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket gains, par plus 2.28 times return; if basket falls by up to 25%, par; otherwise, 1% loss for each 1% decline beyond 25%
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Initial levels: | 3,190.31 for Stoxx and $40.82 for fund
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48130UX75
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