By Sarah Lizee
Olympia, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC priced $1.33 million of capped buffered return enhanced notes due Jan. 29, 2021 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 at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 23.75%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 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 index
|
| Amount: | $1,325,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 23.75%; par if index declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial value: | 1,499.419
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.51713%
|
| Cusip: | 48130WA50
|
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