By Marisa Wong
Morgantown, W.Va., Feb. 6 – JPMorgan Chase Financial Co. LLC priced $2.95 million of uncapped buffered return enhanced notes due Jan. 29, 2021 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.
If the index finishes at or above its initial value, the payout at maturity will be par plus 1.16 times any gain.
If the index declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,945,000
|
| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.16 times any index gain; par if index declines by up to 15%; exposure to losses beyond 15%
|
| Initial level: | 2,296.68
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50586%
|
| Cusip: | 46646QHD0
|
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