By Susanna Moon
Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $2.25 million of 0% contingent buffered return enhanced notes due March 11, 2020 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying fund finishes above its initial, the payout at maturity will be par plus 1.4 times the gain of the worse performing asset.
If either asset falls by up to the 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing fund.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered return enhanced notes
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| Underlying funds: | iShares MSCI Emerging Markets ETF and the SPDR S&P Metals & Mining ETF
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| Amount: | $2.25 million
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| Maturity: | March 11, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 1.4 times return of worse performing asset; if either asset falls by up to 30%, par; otherwise, 1% loss for each 1% decline of worse performing fund
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| Initial levels: | $41.76 for EM fund and $33.58 for metals fund
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| Contingent buffer: | 30%
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| Strike date: | Sept. 6
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48130UKG9
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