By Marisa Wong
Morgantown, W.Va., May 2 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered enhanced participation equity notes due April 29, 2020 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 positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payout of $1,241.50 per $1,000 of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered enhanced participation equity notes
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| Underlying index: | MSCI EAFE
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| Amount: | $2 million
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| Maturity: | April 29, 2020
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| Coupon | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 24.15%; par if index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
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| Initial level: | 2,042.83
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| Pricing date: | April 27
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| Settlement date: | May 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129MB39
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