By Sarah Lizee
Olympia, Wash., April 29 – JPMorgan Chase Financial Co. LLC priced $3.01 million of 0% capped buffered return enhanced notes due July 31, 2020 linked to the lesser performing of the Russell 2000 index and 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 each index finishes above its initial value, the payout at maturity will be par plus 1.5 times the return of the lesser performing index, capped at par plus 11.25%.
If either index falls but neither falls by more than 10%, the payout will be par. Investors will be exposed to any decline in the lesser performing index beyond 10%.
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 indexes: | Russell 2000 and S&P 500
|
| Amount: | $3.01 million
|
| Maturity: | July 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in the lesser performing index, capped at par plus 11.25%; if either index falls but neither falls by more than 10%, par; exposure to any decline in the lesser performing index beyond 10%
|
| Initial levels: | 1,575.612 for Russell and 2,926.17 for S&P
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.03587%
|
| Cusip: | 48130WR52
|
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