By Sarah Lizee
Olympia, Wash., June 17 – JPMorgan Chase Financial Co. LLC sold $725,000 of 0% capped buffered return enhanced notes due Dec. 16, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 14.25%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | Russell 2000
|
| Amount: | $725,000
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| Maturity: | Dec. 16, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 14.25%; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 1,387.685
|
| Buffer level: | 85% of initial level
|
| Pricing date: | June 12
|
| Settlement date: | June 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132MHD6
|
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