By Susanna Moon
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $445,000 of 0% capped buffered return enhanced notes due Nov. 16, 2018 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.
The payout at maturity will be par plus double any index gain, up to a maximum return of 20%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $445,000
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| Maturity: | Nov. 16, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 20%; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
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| Initial index level: | 2,046.61
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 46646EAP7
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