Chicago, July 28 – JPMorgan Chase Financial Co. LLC priced $11.69 million of 0% capped buffered enhanced participation equity notes due July 25, 2023 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 return is greater than zero, the payout at maturity will be par plus two times the index return, subject to a maximum settlement amount of $1,152 per $1,000 of notes.
If the index return is flat or greater than or equal to negative 10%, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
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: | $11,691,000
|
| Maturity: | July 25, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus two times the gain, capped at $1,152 per $1,000 of notes; if the index return is flat or greater than or equal to negative 10%, par; if the index finishes below the buffer level, investors will lose 1.1111% for each 1% decline beyond the buffer
|
| Initial level: | 2,285.45
|
| Buffer level: | 90% of initial index level
|
| Pricing date: | July 21
|
| Settlement date: | July 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132U4T7
|
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