By Marisa Wong
Los Angeles, May 15 – JPMorgan Chase Financial Co. LLC priced $3.66 million of 0% capped buffered return enhanced notes due June 4, 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.
The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 14.6%.
Investors will receive par if the index falls by up to 10%. Otherwise, investors will lose 1% for each 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,655,000
|
| Maturity: | June 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 14.6%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% index decline beyond 10%
|
| Initial level: | 2,912.43
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132KZW8
|
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