By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $5.3 million of 0% capped buffered return enhanced notes due Feb. 24, 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.
If the index finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 14.67%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% loss beyond 10%.
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: | Russell 2000 index
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| Amount: | $5.3 million
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| Maturity: | Feb. 24, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 14.67%; par if index finishes flat or declines by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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| Initial value: | 2,151.137
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.09%
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| Cusip: | 48132RKW9
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