By William Gullotti
Buffalo, N.Y., Aug. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered return enhanced notes due Dec. 30, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 7.4%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
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
|
| Underlying index: | Russell 2000
|
| Amount: | $500,000
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 7.4%; par if index declines by 20% or less; exposure to losses beyond 20%
|
| Initial value: | 2,333.622
|
| Buffer level: | 80% of initial level
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132USR5
|
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