By Susanna Moon
Chicago, Oct. 29 – JPMorgan Chase Financial Co. LLC priced $10.78 million of 0% capped buffered enhanced participation equity notes due June 18, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial level, the payout at maturity will be par plus the 150% of the gain up to a maximum settlement amount of $1,195.00 for each $1,000 principal amount.
If the asset falls but by up to 7%, the payout will be par.
Otherwise, investors will lose 1.0753% for each 1% decline beyond the geared buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Buffered enhanced participation equity notes
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| Underlying index: | S&P 500
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| Amount: | $10,781,000
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| Maturity: | June 18, 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 19.5%; if asset falls by up to 7%, par; otherwise, 1.0753% loss for each 1% decline beyond 7%
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| Initial level: | 2,809.21
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| Barrier level: | 93% of initial level
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.23%
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| Cusip: | 48130U6Z3
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