By Marisa Wong
Los Angeles, March 20 – JPMorgan Chase Financial Co. LLC priced $1.06 million of capped buffered return enhanced notes due March 31, 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 initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 14.4%.
If the index finishes flat or declines by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% index 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.
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| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
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| Amount: | $1.06 million
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 14.4%; par if index finishes flat or declines by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
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| Initial value: | 2,741.38
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| Final value: | Average of index closing levels on five trading days ending March 26, 2021
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| Strike date: | March 11
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| Pricing date: | March 12
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| Settlement date: | March 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KJU0
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