By Kiku Steinfeld
Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $1.92 million of 0% capped buffered return enhanced notes due May 24, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.25 times the gain of the worse performing asset, capped at 30.45%.
If the lesser performing asset falls but by no more than 11%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond 11%.
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: | Capped buffered return enhanced notes
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $1,915,000
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Maturity: | May 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes above its initial level, par plus 1.25 times gain of worse performing asset, capped at 30.45%; if lesser performing index falls by up to buffer level, par; otherwise, 1% loss for each 1% decline of worse performing index beyond buffer
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Initial index levels: | 4,356.47 for index, $80.34 for ETF
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Buffer levels: | 89% of initial levels
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Pricing date: | Nov. 19
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Settlement date: | Nov. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35196%
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Cusip: | 48132YVC6
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