By Susanna Moon
Chicago, July 31 – JPMorgan Chase Financial Co. LLC priced $1.36 million of capped buffered return enhanced notes due July 30, 2019 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with 70% weight, the Russell 2000 index with 15% weight and the iShares MSCI EAFE ETF with 15% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 13.5%.
Investors will receive par if the basket falls by up to 12% and will be exposed to any losses beyond 12%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying basket: | S&P 500 index (70% weight), Russell 2000 index (15% weight) and iShares MSCI EAFE ETF (15% weight)
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| Amount: | $1,356,000
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| Maturity: | July 30, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any basket gain, capped at 13.5%; par if basket falls by up to 12%; exposure to any losses beyond 12%
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| Initial levels: | 2,477.13 for the S&P, 1,450.387 for Russell and $66.46 for EAFE fund
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| Pricing date: | July 25
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| Settlement date: | July 28
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 46647MA60
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