By Marisa Wong
Morgantown, W.Va., July 21 – JPMorgan Chase Financial Co. LLC priced $6.74 million of 0% capped enhanced participation equity notes due April 4, 2019 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 return is positive, the payout at maturity will be par plus 5 times the index return, subject to a maximum settlement amount of $1,175 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the decline.
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 enhanced participation equity notes
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| Underlying index: | S&P 500
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| Amount: | $6.74 million
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| Maturity: | April 4, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 5 times index return, subject to maximum settlement amount of $1,175 per note; one-to-one exposure to any index decline
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| Initial index level: | 2,423.41
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| Pricing date: | June 30
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| Settlement date: | July 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.8%
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| Cusip: | 46647MLX9
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