By Sarah Lizee
Olympia, Wash., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $2.43 million of capped buffered return enhanced notes due Sept. 9, 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 return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 25.65%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
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: | $2,434,000
|
| Maturity: | Sept. 9, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any gain, capped at par plus 25.65%; par if index declines by up to 15%; one-to-one exposure to losses beyond 15%
|
| Initial level: | 2,978.71
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132FBS4
|
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