By Wendy Van Sickle
Columbus, Ohio, April 13 – JPMorgan Chase Financial Co. LLC priced $55,000 of uncapped buffered return enhanced notes due Sept. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times any gain, up to a maximum of par plus 18.25%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $55,000
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| Maturity: | Sept. 30, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any gain, up to 18.25% maximum gain; par if index declines by up to 10%; one-to-one exposure to losses beyond 10%
|
| Initial level: | 2,786.9
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.59091%
|
| Cusip: | 48132KCU7
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