By Angela McDaniels
Tacoma, Wash., July 19 – JPMorgan Chase Financial Co. LLC priced $3.8 million of 0% capped buffered return enhanced notes due Aug. 2, 2017 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 return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 8.85%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index may decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $3.8 million
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| Maturity: | Aug. 2, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, up to 8.85% maximum return; par if index declines by 10% or less; 1.1111% loss for every 1% that index may decline beyond 10%
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| Initial index level: | 2,161.74
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| Final index level: | Average of index’s closing levels on five trading days ending July 28, 2017
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| Pricing date: | July 15
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| Settlement date: | July 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 46646EQA3
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