By Kiku Steinfeld
Chicago, July 1 – JPMorgan Chase Financial Co. LLC priced $4.26 million of 0% capped buffered enhanced participation equity notes due Dec. 8, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 19.2%.
If the index finishes flat or falls by up to 7%, payout will be par. Otherwise, investors will lose 1.0753% for every 1% index decline beyond 7%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $4,256,000
|
| Maturity: | Dec. 8, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 19.2%; par if index finishes flat or falls by up to 7%; otherwise, 1.0753% loss for every 1% index decline beyond 7%
|
| Initial value: | 1,802.74
|
| Buffer level: | 93% of initial level
|
| Pricing date: | June 16
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48132MGY1
|
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