By Marisa Wong
Morgantown, W.Va., Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped contingent buffered return enhanced notes due Oct. 14, 2021 tied to the Nikkei 225 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 level, the payout at maturity will be par plus 2 times the index gain, up to a maximum return of 85%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% index decline below the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped contingent buffered return enhanced notes
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| Underlying index: | Nikkei 225 index
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| Amount: | $1.02 million
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| Maturity: | Oct. 14, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes above its initial level, par plus 2 times the index gain, up to a maximum return of 85%; if the index falls by up to 25%, par; otherwise, 1% loss for each 1% index decline below the initial level
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| Index strike level: | 20,690.71
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129HEW3
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