By Marisa Wong
Morgantown, W.Va., Aug. 8 – JPMorgan Chase Financial Co. LLC priced $4.38 million of 0% capped buffered enhanced participation equity notes due Feb. 5, 2019 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 return is positive, the payout at maturity will be par plus 3 times the index gain, subject to a maximum payout of $1,123 per $1,000 of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
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 enhanced participation equity notes
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| Underlying index: | Russell 2000
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| Amount: | $4.38 million
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| Maturity: | Feb. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, capped at $1,123 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial level: | 1,425.144
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| Pricing date: | July 31
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| Settlement date: | Aug. 7
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.67%
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| Cusip: | 46647MZD8
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