By Marisa Wong
Los Angeles, April 29 – JPMorgan Chase Financial Co. LLC priced $3.11 million of 0% capped buffered enhanced participation equity notes due May 19, 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 level, the payout at maturity will be par plus 1.5 times the gain, capped at par plus 12%.
If the index finishes flat or falls by up to 20%, payout will be par. Otherwise, investors will lose 1.25% for every 1% index decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,112,000
|
| Maturity: | May 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 12%; par if index finishes flat or falls by up to 20%; otherwise, 1.25% loss for every 1% index decline beyond 20%
|
| Initial level: | 2,783.36
|
| Pricing date: | April 15
|
| Settlement date: | April 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.11%
|
| Cusip: | 48132KSS5
|
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