By Marisa Wong
Los Angeles, April 29 – JPMorgan Chase Financial Co. LLC priced $35,000 of 0% capped buffered return enhanced notes due April 22, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 2 times any index gain, capped at par plus 20%.
Investors will receive par if the index falls by up to 10%. Otherwise, investors will lose 1% for each 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| 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: | Russell 2000
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| Amount: | $35,000
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| Maturity: | April 22, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 20%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% index decline beyond 10%
|
| Initial level: | 1,183.977
|
| Pricing date: | April 15
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| Settlement date: | April 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132KQF5
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