By William Gullotti
Buffalo, N.Y., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered equity notes due July 21, 2022 linked to the performance of the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of the index is greater than its initial level, the payout at maturity will be par plus the index’s return with a maximum payout of par plus 10%.
If the final level of the index is less than its initial level by up to 10%, par.
Otherwise, investors will lose 1.11111% for every 1% that the index declines 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: | Capped buffered equity notes
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| Underlying index: | FTSE 100 index
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| Amount: | $2 million
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| Maturity: | July 21, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index’s final level is greater than its initial level, par plus index’s return, capped at par plus 10%; if the index falls by up to 10%, par; if the final level is less than initial level by more than 10%, 1.11111% loss for every 1% decline beyond 10%
|
| Initial level: | 7,017.47
|
| Buffer level: | 90% of initial level
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
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| Cusip: | 48132UQV8
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