By Wendy Van Sickle
Columbus, Ohio, July 3 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% capped buffered return enhanced notes due June 30, 2021 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial value, the payout at maturity will be par plus 1.5 times any gain with the payout capped at par plus 27.05%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1% for every 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 index: | MSCI Emerging Markets index
|
| Amount: | $1,475,000
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| Maturity: | June 30, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 27.05%; par if index declines by up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial value: | 1,047.91
|
| Pricing date: | June 26
|
| Settlement date: | July 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CWQ2
|
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