By Susanna Moon
Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% buffered return enhanced notes due May 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial level, the payout at maturity will be par plus double the gain up to a maximum return of 15%.
If the asset falls by up to 10%, the payout will be par.
Otherwise, investors 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | Russell 2000
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| Amount: | $1,244,000
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| Maturity: | May 29, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain capped at 15%; if asset falls by up to 10%, par; otherwise, 1% loss for each 1% decline beyond 10%
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| Initial level: | 1,533.266
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.26909%
|
| Cusip: | 48130UT70
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