By Kiku Steinfeld
Chicago, March 20 – JPMorgan Chase Financial Co. LLC priced $836,000 of 0% capped buffered equity notes due March 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its strike value, the payout at maturity will be par plus the gain, capped at 22.45%.
If the index finishes flat or declines by up to 10% of its strike value, the payout will be par. Otherwise, investors will lose 1.11111% for every 1% decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying index: | S&P 500
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| Amount: | $836,000
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| Maturity: | March 15, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus gain with cap of 22.45% if index finishes above strike value, par if index finishes flat or declines by up to buffer level; 1.11111% loss for every 1% decline beyond buffer level
|
| Index strike value: | 2,882.23
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| Buffer level: | 90% of initial level
|
| Strike date: | March 10
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| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132KJJ5
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