By Marisa Wong
Morgantown, W.Va., June 6 – JPMorgan Chase Financial Co. LLC priced $2.51 million of 0% capped buffered return enhanced notes due Jan. 9, 2020 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 finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 18.7%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,507,000
|
| Maturity: | Jan. 9, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 18.7%; par if index finishes flat or declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 1,633.609
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129MUH7
|
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