By William Gullotti
Buffalo, N.Y., March 21 – JPMorgan Chase Financial Co. LLC priced $8.18 million of 0% buffered equity notes due March 19, 2025 linked to the performance of an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI EAFE index with a 75% weight and the MSCI Emerging Markets index with a 25% weight.
If the basket finishes at or above initial level, the payout at maturity will be par plus the return.
Investors will receive par if the basket declines by no more than 21% and will lose 1% for each 1% decline beyond 21%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered equity notes
|
| Underlying indexes: | MSCI EAFE index (75% weight), MSCI Emerging Markets index (25% weight)
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| Amount: | $8.18 million
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| Maturity: | March 19, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket finishes flat or positive, par plus the return; if basket declines by no more than 21%, par; otherwise, 1% loss for each 1% decline beyond 21%
|
| Initial levels: | 2,024.53 for EAFE, 945.12 for Emerging Markets
|
| Buffer level: | 79% of initial level
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| Pricing date: | March 14
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| Settlement date: | March 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.13128%
|
| Cusip: | 48133UWE8
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