By Marisa Wong
Morgantown, W.Va., July 10 – JPMorgan Chase Financial Co. LLC priced $1.08 million of capped buffered return enhanced notes due July 2, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 16.75%.
If the fund finishes flat or declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $1,075,000
|
| Maturity: | July 2, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 16.75%; par if fund finishes flat or declines by up to 15%; exposure to losses beyond 15%
|
| Initial value: | $24.14
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 46647MB93
|
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