By Sarah Lizee
Olympia, Wash., June 21 – JPMorgan Chase Financial Co. LLC priced $2.49 million of 0% capped buffered return enhanced notes due Dec. 23, 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 return of 27.51%.
Investors will receive par if the index falls by 20% or less and will lose 1.25% for each 1% that it declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,485,000
|
| Maturity: | Dec. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times the index gain, subject to maximum return of 27.51%; par if the index falls by 20% or less; 1.25% loss for each 1% decline beyond 20%
|
| Initial value: | 2,762.59
|
| Pricing date: | June 19
|
| Settlement date: | June 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48129M3S3
|
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