By Kiku Steinfeld
Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $2.02 million of 0% capped buffered equity notes due July 6, 2021 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 the gain, capped at 9.25%.
If the index finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,021,000
|
| Maturity: | July 6, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 9.25%; par if index finishes flat or declines by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial value: | 3,221.29
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132HJK9
|
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