By Marisa Wong
Morgantown, W.Va., July 5 – JPMorgan Chase Financial Co. LLC priced $2.06 million of 0% uncapped buffered return enhanced notes due June 30, 2022 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 closes at or above its initial value, the payout at maturity will be par plus 1.28 times any gain.
If the index declines by up to 40%, the payout will be par. Investors will be exposed to any losses beyond 40%.
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: | Uncapped buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $2,059,000
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| Maturity: | June 30, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.28 times any index gain; par if index declines by up to 40%; exposure to losses beyond 40%
|
| Initial value: | 3,561.76
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| Pricing date: | June 26
|
| Settlement date: | July 3
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46647MB28
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