By William Gullotti
Buffalo, N.Y., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $8.2 million of 0% capped buffered return enhanced notes due July 21, 2022 linked to the S&P MidCap 400 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 10.05%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline below the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 MidCap 400 index
|
| Amount: | $8.2 million
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| Maturity: | July 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 10.05%; par if index declines by 10% or less; exposure to losses beyond 10%
|
| Initial value: | 2,663.04
|
| Buffer level: | 90% of initial level
|
| Strike date: | June 17
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.22%
|
| Cusip: | 48132UQZ9
|
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