By Susanna Moon
Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% capped return enhanced notes due March 29, 2018 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 triple any index gain, up to a maximum return of 11.5%.
Investors will be exposed to any losses.
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 return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $1.01 million
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| Maturity: | March 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, capped at 11.5%; exposure to any losses
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| Initial index level: | 2,296.68
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 46646QUQ6
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