By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $4.18 million of 0% capped buffered return enhanced notes due March 25, 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 finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain up to a maximum return of 16%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond the buffer.
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 index
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| Amount: | $4.18 million
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| Maturity: | March 25, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 16%; par if index declines by up to 20%; 1.25% loss per 1% drop beyond 20%
|
| Initial value: | 2,416.62
|
| Pricing date: | Dec. 21
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| Settlement date: | Dec. 26
|
| Agents: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48130WMR95
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