By Devika Patel
Knoxville, Tenn., Aug. 23 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered return enhanced notes due Sept. 22, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 8.85%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% 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: | $1 million
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| Maturity: | Sept. 22, 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, capped at 8.85%; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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| Initial index level: | 2,183.87
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
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| Cusip: | 46646EVQ2
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