By Devika Patel
Knoxville, Tenn., April 3 – JPMorgan Chase Financial Co. LLC priced $2.69 million of 0% capped buffered return enhanced notes due April 4, 2019 linked to linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket components are the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 35% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight.
The payout at maturity will be par plus 175% of any basket gain, up to a maximum return of 18%.
Investors will receive par if the basket falls by up to 18% and will lose 1.21951% for each 1% decline beyond 18%.
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 return enhanced notes
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Underliers: | S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 35% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight
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Amount: | $2,691,000
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Maturity: | April 4, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 175% of any basket gain, capped at 18%; par if basket declines by 18% or less; 1.21951% loss for each 1% decline beyond 18%
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Initial levels: | 2,368.06 for S&P 500, 3,481.58 for Euro Stoxx 50, $39.67 for iShares MSCI Emerging Markets
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Pricing date: | March 30
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Settlement date: | April 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.38653%
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Cusip: | 46646QPF6
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