By Sarah Lizee
Olympia, Wash., July 30 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% capped buffered return enhanced notes due Jan. 29, 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 closes at or above its initial value, the payout at maturity will be par plus double any gain, up to a maximum return of 20.25%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% the index declines beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,561,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to a maximum return of 20.25%; par if index declines by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial value: | 2,837.44
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.26842%
|
| Cusip: | 48129M6Q4
|
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