By Marisa Wong
Morgantown, W.Va., Sept. 25 – JPMorgan Chase Financial Co. LLC priced $1.86 million of 0% capped buffered return enhanced notes due Feb. 28, 2020 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 above its initial value, the payout at maturity will be par plus 2 times the index gain, with the payout capped at par plus 11.5%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount | $1,859,000
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 11.5%; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 2,901.52
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48129MU61
|
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