By Marisa Wong
Morgantown, W.Va., March 12 – JPMorgan Chase Financial Co. LLC priced $1.31 million of capped buffered return enhanced notes due March 10, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 24%.
If the fund declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,305,000
|
| Maturity: | March 10, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times return of fund, capped at par plus 24%; par if fund declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | $48.20
|
| Pricing date: | March 5
|
| Settlement date: | March 8
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48129MBJ4
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