By Wendy Van Sickle
Columbus, Ohio, Oct. 17 – JPMorgan Chase Financial Co. LLC priced $3.02 million of 0% capped buffered equity notes due Dec. 13, 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.
The payout at maturity will be par plus any fund gain, up to a maximum return of 8.25%.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $3,016,000
|
| Maturity: | Dec. 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, up to a maximum return of 8.25%; par if fund falls by 15% or less; 1% loss for every 1% decline beyond 15%
|
| Initial level: | $68.45
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.39287%
|
| Cusip: | 48129HGB7
|
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