By Tali Rackner
Norfolk, Va., Oct. 26 – JPMorgan Chase Financial Co. LLC priced $625,000 of 0% capped buffered return enhanced notes due Dec. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement of $1,102 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 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: | $625,000
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| Maturity: | Dec. 4, 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 10.2%; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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| Initial index level: | 2,141.16
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
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| Cusip: | 46646EZ54
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