By Wendy Van Sickle
Columbus, Ohio, May 5 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% capped buffered return enhanced notes due May 8, 2019 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 50% 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 200% of any basket gain, up to a maximum return of 14.75%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underliers: | S&P 500 index with a 70% weight, Russell 2000 index with a 15% weight and iShares MSCI EAFE exchange-traded fund with a 15% weight
|
| Amount: | $1,088,000
|
| Maturity: | May 8, 2019
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 14.75%; par if basket declines by 12% or less; 1% loss for each 1% decline beyond 12%
|
| Initial levels: | 2,388.13 for S&P 500, 1,390.922 for Russell 2000, $64.26 for iShares MSCI EAFE
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 46646QQV0
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