By Taylor Fox
New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $1.06 million of 0% capped return enhanced notes due Jan. 27, 2022 linked to an equally weighted basket consisting of the iShares China large-cap ETF and the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus three times any basket gain, subject to a maximum return of par plus 18.85%.
Investors will lose 1% for each 1% decline in the basket.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying basket: | iShares China Large-Cap ETF and the WisdomTree India Earnings Fund, 50% equally weighted
|
| Amount: | $1,059,000
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| Maturity: | Jan. 27, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any basket gain capped at par plus 18.85%; 1% loss for each 1% decline in the basket
|
| Initial levels: | $45.13 for iShares and $24.60 for WisdomTree
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.4%
|
| Cusip: | 48132PQG2
|
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