By Susanna Moon
Chicago, March 6 – JPMorgan Chase Financial Co. LLC priced $653,000 of 0% capped buffered equity notes due Aug. 16, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial value, the payout at maturity will be par plus the gain, up to a maximum payment of $1,205.00 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $653,000
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| Maturity: | Aug. 16, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain, capped at 20.5%; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial value: | 2,662.94
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129H6Y8
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