By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $5.19 million of capped buffered return enhanced notes due Jan. 31, 2020 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 closes at or above its initial value, the payout at maturity will be par plus two times any gain with the payout capped at par plus 16%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $5,194,000
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| Maturity: | Jan. 31, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus two times return of index, capped at par plus 16%; par if index declines by up to 10%; exposure to losses beyond 10%
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| Initial value: | 2,823.81
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 0.60081%
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| Cusip: | 48129HWQ6
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