By Sarah Lizee
Olympia, Wash., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% capped buffered return enhanced notes due June 30, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus two times the gain up to a maximum return of 17.25%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,065,000
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any ETF gain, capped at 17.25%; par if ETF declines by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial value: | $58.38
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.30291%
|
| Cusip: | 48130WGH8
|
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