By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $3.59 million of 0% capped buffered return enhanced notes due June 28, 2018 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 final index level is greater than the initial level, the payout at maturity will be par plus 1.4 times the index gain, subject to a maximum return of 16.38%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index 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: | S&P 500
|
| Amount: | $3,592,000
|
| Maturity: | June 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any index gain, up to maximum return of 16.38%; par if index falls by 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 2,280.07
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QKB0
|
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