By Marisa Wong
Morgantown, W.Va., March 8 – JPMorgan Chase Financial Co. LLC priced $1.01 million of capped buffered return enhanced notes due March 8, 2022 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 closes at or above its initial value, the payout at maturity will be par plus three times any gain with the payout capped at par plus 47.75%.
If the index declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
| 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 index
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| Amount: | $1.01 million
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| Maturity: | March 8, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus three times return of index, capped at par plus 47.75%; par if index declines by up to 20%; exposure to losses beyond 20%
|
| Initial value: | 2,383.12
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| Pricing date: | March 3
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| Settlement date: | March 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646QS30
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