By Kiku Steinfeld
Chicago, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% capped bearish buffered equity notes due July 30, 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 finishes below its initial level, the payout at maturity will be par plus 1% for every 1% that the index declines, subject to a maximum return of 12.6%.
If the index gains by up to its 10% buffer level, the payout will be par.
Otherwise, investors will lose 1% for each 1% gain beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped bearish buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $400,000
|
| Maturity: | July 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls, par plus 1% for every 1% that index declines, capped at 12.6%; if index gains by up 10%, par; otherwise, 1% loss per 1% gain beyond 10%
|
| Initial level: | 3,243.63
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132HVY5
|
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