By Wendy Van Sickle
Columbus, Ohio, Dec. 27 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% capped buffered return enhanced notes due Jan. 24, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 30% weight and the Euro Stoxx 50 index with a 30% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 16.4%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond the buffer.
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: | Capped buffered return enhanced notes
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| Basket components: | S&P 500 index (40% weight), Euro Stoxx 50 index (30% weight), Russell 2000 index (30% weight)
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| Amount: | $2.5 million
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| Maturity: | Jan. 24, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any basket gain up to maximum payout of par plus 16.4%; if basket falls by up to 10%, par; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Initial index levels: | 2,467.42 for S&P, 1,326.002 for Russell, 3,000.06 for Stoxx
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48130WLV1
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