By Kiku Steinfeld
Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $517,000 of 0% capped return enhanced notes due Sept. 12, 2022 linked to the common stock of Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout at maturity will be par plus 425% of the return of the stock capped at par plus 25%. Investors will lose 1% for every 1% that the stock declines.
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.
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| Issue: | Capped return enhanced notes
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| Underlying stock: | Schlumberger NV
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| Amount: | $517,000
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| Maturity: | Sept. 12, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock gains, par plus 425% of stock return capped at par plus 25%; 1% loss for every 1% that stock declines
|
| Initial level: | $42.10
|
| Upside leverage: | 425%
|
| Cap: | 25%
|
| Pricing date: | March 8
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133DUG3
|
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