By Tali Rackner
Norfolk, Va., July 26 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered equity notes due July 27, 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 1.25 times any index gain.
Investors will receive par if the index falls by up to 43% and will be fully exposed to any losses if the index drops by more than the contingent buffer.
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: | Contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | July 27, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any index gain; par if index declines by 43% or less; full exposure to any losses if index drops by more than contingent buffer
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| Initial level: | 2,175.03
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| Contingent buffer: | 43%
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 46646EQH8
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