By Marisa Wong
Morgantown, W.Va., March 20 – JPMorgan Chase Financial Co. LLC priced $8.69 million of capped buffered return enhanced notes due March 14, 2019 linked to the MSCI World 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 initial value, the payout at maturity will be par plus 1.5 times the index gain with the payout capped at par plus 15%.
If the index declines by up to 17%, the payout will be par. Investors will be exposed to any losses beyond 17%.
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 index: | MSCI World index
|
| Amount: | $8,686,000
|
| Maturity: | March 14, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any index gain, with return capped at 15%; par if index declines by up to 17%; exposure to losses beyond 17%
|
| Initial value: | 1,845.88
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QT96
|
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