By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 0% capped optimal entry return enhanced notes due Nov. 22, 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.
The lookback level will be the index’s lowest closing level during the lookback observation period, from the pricing date and through Nov. 11.
The payout at maturity will be par plus double any index appreciation from the lookback level, subject to a maximum return of 11.4%. Investors will be fully exposed to any decline in the index from its lookback level.
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 optimal entry return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $3.5 million
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| Maturity: | Nov. 22, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than lookback level, par plus 200% of gain, capped at 11.4%; otherwise, 1% loss for every 1% that final index level is less than lookback level
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| Lookback level: | Index's lowest closing level from pricing date through Nov. 11
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646E6A5
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