By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $10.55 million of 0% capped buffered enhanced participation equity notes due Nov. 7, 2023 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 final index level is greater than the initial level, the payout at maturity will be par plus 2 times the index return, subject to a maximum settlement amount of par plus 19%.
If the final index level is less than or equal to the initial index level but greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
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 enhanced participation equity notes
|
| Underlying index: | Russell 2000 index
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| Amount: | $10.55 million
|
| Maturity: | Nov. 7, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 2 times the gain, capped at par plus 19%; if the index is flat or greater than or equal to the buffer level, par; if the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond 10%
|
| Initial level: | 2,404.276
|
| Buffer level: | 90% of initial index level
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 10
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132YLF0
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