By Taylor Fox
New York, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $2.94 million of 0% capped buffered equity notes due Dec. 8, 2022 linked to an unequally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial value, the payout at maturity will be par plus the basket gain up to par plus 15.26%. Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying assets: | S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and iShares MSCI EAFE ETF with a 15% weight
|
| Amount: | $2,942,000
|
| Maturity: | Dec. 8, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain up to par plus 15.26%; par if basket falls by up to 15%; otherwise, investors will be exposed to any losses beyond 15% buffer
|
| Initial values: | 3,699.12 for S&P, 1,892.449 for Russell and $72.54 for fund
|
| Buffer level: | 85% of initial level of basket
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132P4A9
|
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