By Wendy Van Sickle
Columbus, Ohio, April 1 – JPMorgan Chase Financial Co. LLC priced $170,000 of 0% capped buffered equity notes due Sept. 30, 2021 linked to the S&P 500 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 the gain, capped at 12.75%.
If the index finishes flat or declines by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $170,000
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| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 12.75%; par if index finishes flat or declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial value: | 2,630.07
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.00662%
|
| Cusip: | 48132HT69
|
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