By Marisa Wong
Morgantown, W.Va., Sept. 26 – JPMorgan Chase Financial Co. LLC priced $1,002,000 of 0% capped buffered return enhanced notes due May 4, 2020 linked to the iShares MSCI Emerging Markets 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 finishes above its initial value, the payout at maturity will be par plus 1.6 times the gain up to a maximum return of 26.4%.
Investors will receive par if the fund falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1,002,000
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| Maturity: | May 4, 2020
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| Coupon: | 0%
|
| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.6 times any fund gain, capped at 26.4%; par if fund falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
|
| Initial value: | $43.17
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UDB8
|
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