New York, July 14 – JPMorgan Chase Financial Co. LLC priced $4 million of 5.1% yield notes due April 15, 2019 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The payout at maturity will be par unless either asset finishes below its 80% buffer, in which case investors will be lose 1.25% for each 1% loss of the worse performing asset beyond the buffer.
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: | Yield notes
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| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
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| Amount: | $4 million
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| Maturity: | April 15, 2019
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| Coupon: | 5.1%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless either asset finishes below its 80% buffer, in which case investors will be lose 1.25% for each 1% loss of the worse performing asset beyond the buffer
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| Initial levels: | $65.00 for ETF and 1,408.475 for Russell
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| Pricing date: | July 11
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| Settlement date: | July 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46647MWW9
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