By Devika Patel
Knoxville, Tenn., Sept. 28 – JPMorgan Chase Financial Co. LLC priced $1.44 million of uncapped buffered notes due Oct. 1, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund closes at or above its initial value, the payout at maturity will be par plus 1.01 times any gain.
If the fund declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered notes
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,441,000
|
| Maturity: | Oct. 1, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.01 times return of fund; par if fund declines by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial value: | $58.71
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 46646EG48
|
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