By William Gullotti
Buffalo, N.Y., Sept. 27 – JPMorgan Chase Financial Co. LLC priced $310,000 of 0% capped return enhanced notes due Aug. 11, 2022 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 two times the gain with the payout capped at par plus 14%.
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.
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| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $310,000
|
| Maturity: | Aug. 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, capped at par plus 14%; full exposure to losses
|
| Initial value: | 4,343.54
|
| Pricing date: | July 6
|
| Settlement date: | July 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132UWS8
|
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