By Marisa Wong
Los Angeles, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $8.38 million of 0% capped return enhanced notes due Dec. 2, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 3 times the gain with the payout capped at par plus 16.75%.
Investors will be fully exposed to any index decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $8,383,000
|
| Maturity: | Dec. 2, 2021
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 16.75%; full exposure to losses
|
| Initial value: | 3,298.46
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48132PGV0
|
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