By Wendy Van Sickle
Columbus, Ohio, April 13 – JPMorgan Chase Financial Co. LLC priced $18.07 million of 0% capped buffered enhanced participation equity notes due June 15, 2020 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 return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payout of $1,277.50 per $1,000 of notes. Investors will receive par if the index falls by 15% or less and will lose 1.1765% for each 1% that it declines beyond 15%.
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 buffered enhanced participation equity notes
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| Underlying index: | S&P 500
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| Amount: | $18.07 million
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| Maturity: | June 15, 2020
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| Coupon | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 27.75%; par if index falls by up to 15%; 1.1765% loss for each 1% index decline beyond 15%
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| Initial level: | 2,642.19
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| Pricing date: | April 11
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| Settlement date: | April 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48129MLZ7
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