By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $2.51 million of 0% capped buffered equity notes due Dec. 31, 2019 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 the index gain, subject to a maximum payment of $1,128 per $1,000 of notes.
Investors will receive par if the index falls by 15% or less and will lose 1% 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 equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,507,000
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| Maturity: | Dec. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index gain, subject to maximum payment of $1,128per $1,000 of notes; par if the index falls by 15% or less; 1% loss for each 1% decline beyond 15%
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| Initial index level: | 2,716.31
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| Pricing date: | June 28
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| Settlement date: | July 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129M3N4
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