By Marisa Wong
Morgantown, W.Va., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% capped buffered return enhanced notes due Oct. 9, 2018 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 150% of any index gain, up to a maximum return of 12.3%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
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: | $1.85 million
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| Maturity: | Oct. 9, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 150% of any index gain, capped at 12.3%; par if index declines by 20% or less; 1% loss for each 1% decline beyond 20%
|
| Initial level: | 2,161.20
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646EP97
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