By Susanna Moon
Chicago, Jan. 15 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% buffered return enhanced notes due July 15, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus 2.305 times the gain.
If the asset falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1.11111% for each 1% decline beyond the geared buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.6 million
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| Maturity: | July 15, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2.305 times any index gain; if asset falls by up to 10%, par; otherwise, 1.11111% loss for each 1% decline beyond 10%
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| Initial level: | 3,070.04
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| Barrier level: | 90% of initial level
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.42%
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| Cusip: | 48130WSD4
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