By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – JPMorgan Chase Financial Co. LLC priced $14.53 million of 0% capped buffered enhanced participation equity notes due Sept. 23, 2022 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 final level is greater than the initial level, the payout at maturity will be par plus 2 times the index return, subject to a maximum payout of par plus 10.72%.
If the index return is flat or greater than or equal to negative 5%, investors will receive par.
If the index falls by more than 5%, investors will lose 1.0526% for each 1% decline beyond the buffer.
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: | $14,532,000
|
| Maturity: | Sept. 23, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 2 times the gain, capped at par plus 10.72%; if the index is flat or falls by up to 5%, par; if the index falls by more than 5%, investors will lose 1.0526% for each 1% decline beyond 5%
|
| Initial level: | 4,468.0
|
| Buffer level: | 95% of initial index level
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.8%
|
| Cusip: | 48132WBB4
|
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