By Sarah Lizee
Olympia, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC priced $4.14 million of 0% capped buffered return enhanced notes due April 30, 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 up to a maximum return of 18.85%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
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
|
| Amount: | $4,144,000
|
| Maturity: | April 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at 18.85%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial value: | 1,482.853
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130WSB8
|
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