New York, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $250,000 of capped buffered return enhanced notes due Sept. 28, 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 closes at or above its initial value, the payout at maturity will be par plus two times any gain with the payout capped at par plus 15%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Russell 2000 index
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| Amount: | $250,000
|
| Maturity: | Sept. 28, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus two times return of index, capped at par plus 15%; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 2,185.687
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48132TKF2
|
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