By Angela McDaniels
Tacoma, Wash., Oct. 28 – JPMorgan Chase Financial Co. LLC priced $146,000 of 0% capped buffered return enhanced notes due April 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum return of 22%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index may decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Russell 2000
|
| Amount: | $146,000
|
| Maturity: | April 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, up to 22% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
|
| Initial index level: | 1,204.749
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.64726%
|
| Cusip: | 46646EM41
|
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