By Marisa Wong
Morgantown, W.Va., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $1.15 million of 0% capped buffered return enhanced notes due March 19, 2018 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 2.5 times the index gain, subject to a maximum return of 17.25%.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% index decline beyond 5%.
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: | $1,147,000
|
| Maturity: | March 19, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2.5 times any index gain, up to maximum return of 17.25%; par if index falls by 5%; 1% loss for each 1% index decline beyond 5%
|
| Initial index level: | 1,356.024
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QEM3
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