By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $3.98 million of capped buffered return enhanced notes due April 29, 2020 linked to the S&P 500 Buyback index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus 1.5 times any gain up to a maximum payout of par plus 15.55%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
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: | S&P 500 Buyback index
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| Amount: | $3,975,000
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| Maturity: | April 29, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum payout of par plus 15.55%.; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 17,811.66
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 25
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48130UJX4
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