By Sarah Lizee
Olympia, Wash., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered return enhanced notes due Feb. 13, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of, the S&P 500 index with a 50% weight, the S&P MidCap 400 index with a 35% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, capped at par plus 14%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index (50% weight), S&P MidCap 400 index (35% weight) and Russell 2000 index (15% weight)
|
| Amount: | $1 million
|
| Maturity: | Feb. 13, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, capped at par plus 14%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial index levels: | 2,880.34 for S&P 500, 1,956.85 for S&P MidCap and 1,621.865 for Russell
|
| Barrier levels: | 85% of initial levels
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130U5W1
|
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