By Sarah Lizee
Olympia, Wash., Oct. 16 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped contingent buffered return enhanced notes due Oct. 23, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final ETF level is at least 70% of its initial level, the payout at maturity will be par plus the ETF gain, subject to a maximum return of 27.57% and a minimum return of 5%.
Otherwise, the payout will be par plus the return of the ETF with full exposure to the loss.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1.5 million
|
| Maturity: | Oct. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final ETF level is at least 70% of its initial level, par plus the ETF gain, subject to a maximum return of 27.57% and a minimum return of 5%; otherwise, par plus the return of the ETF with full exposure to the loss
|
| Initial level: | $20.38
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132FXQ4
|
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