By Sarah Lizee
Olympia, Wash., July 8 – JPMorgan Chase Financial Co. LLC priced $1.62 million of 0% capped notes due June 30, 2021 linked to the lesser performing of the S&P 500 index and 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 return of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 12.5%.
If either index falls, investors will lose 1% for each 1% decline of the worse performing index up to 5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying assets: | S&P 500 index, Russell 2000 index
|
| Amount: | $1.62 million
|
| Maturity: | June 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in lesser performing index, capped at 12.5%; 1% loss for each 1% decline of the worse performing index up to 5%
|
| Initial levels: | 1,566.572 for Russell and 2,941.76 for S&P
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.37556%
|
| Cusip: | 48132CRH8
|
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