By Kiku Steinfeld
Chicago, Dec. 16 – JPMorgan Chase Financial Co. LLC sold $450,000 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 will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 8%.
Investors will receive par if the index falls by up to 14.1% and will lose 1% for every 1% decline beyond 14.1%.
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 index: | S&P 500
|
| Amount: | $450,000
|
| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, capped at 8% return; par if index falls by up to 14.1%; 1% loss for every 1% decline beyond 14.1%
|
| Initial index level: | 3,112.76
|
| Buffer level: | 85.9% of initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132FW85
|
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