By Susanna Moon
Chicago, Dec. 26 – JPMorgan Chase Financial Co. LLC priced $6.48 million of 0% buffered return enhanced notes due Nov. 30, 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 double the gain up to a maximum return of 23.5%.
If the asset falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the 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 return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $6,479,000
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| Maturity: | Nov. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain capped at 23.5%; if asset falls by up to 10%, par; otherwise, 1% loss for each 1% decline beyond 10%
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| Initial level: | 2,760.17
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.44647%
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| Cusip: | 48130UR49
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