By Susanna Moon
Chicago, March 6 – JPMorgan Chase Financial Co. LLC priced $700,000 of 0% capped buffered return enhanced notes due Feb. 19, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,240 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| 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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| Underlying index: | Russell 2000
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| Amount: | $700,000
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| Maturity: | Feb. 19, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 24%; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial value:
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48129H6M4
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