Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $493,000 of 0% capped buffered return enhanced notes due July 22, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 26.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index may decline beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| 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: | Nasdaq-100
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| Amount: | $493,000
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| Maturity: | July 22, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, up to 26.5% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
|
| Initial level: | 8,016.953
|
| Pricing date: | July 19
|
| Settlement date: | July 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132CXL2
|
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