By Devika Patel
Knoxville, Tenn., Sept. 16 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% capped buffered return enhanced notes due Sept. 19, 2018 linked to linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket components are the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 17.5%.
Investors will receive par if the basket falls by up to 12% and will lose 1% for each 1% decline beyond 12%.
J.P. Morgan Securities LLC is the agent.
| 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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| Underliers: | S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight
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| Amount: | $1,012,000
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| Maturity: | Sept. 19, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus double any basket gain, capped at 17.5%; par if basket declines by 12% or less; 1% loss for each 1% decline beyond 12%
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| Initial share prices: | 2,125.77 for S&P 500, 1,211.591 for Russell 2000, $57.74 for EAFE
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 46646EYL0
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