By Sarah Lizee
Olympia, Wash., Feb. 18 – JPMorgan Chase Financial Co. LLC priced $533,000 of 0% capped contingent buffered return enhanced notes due Feb. 19, 2021 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 3 times any gain in the Facebook share price, up to a maximum return of 19.1%. Investors will receive par if the share price falls by up to 10% and will be fully exposed to the decline in the stock price if it falls by more than 10%.
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 stock: | Facebook, Inc.
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| Amount: | $533,000
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| Maturity: | Feb. 19, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any share price gain, subject to 19.1% maximum return; par if stock price falls by up to 10%; full exposure to decline in share price if it falls more than 10%
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| Initial share price: | $212.33
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| Contingent buffer level: | 90% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48132H5N8
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