By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $65,000 of 0% uncapped contingent buffered equity notes due March 31, 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 the initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 33%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index drops by more the 25% contingent buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $65,000
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| Maturity: | March 31, 2021
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus the greater of the gain and the contingent minimum return of 33%; par if the index falls by up to 25%; full exposure to any losses if the index drops by more the 25% contingent buffer
|
| Initial value: | 2,358.57
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 46646QR23
|
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