By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – JPMorgan Chase Financial Co. LLC priced $1.05 million of capped buffered return enhanced notes due Dec. 2, 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 finishes above its initial value, the payout at maturity will be par plus 2 times the gain, capped at par plus 8.4%.
If the index finishes flat or declines by up to 15%, the payout will be par.
Investors will lose 1.17647% for each 1% loss beyond 15%.
The agent is J.P. Morgan Securities LLC.
| 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 index
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| Amount: | $1.05 million
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| Maturity: | Dec. 2, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times gain, capped at par plus 8.4%; par if index finishes flat or declines by up to 15%; 1.17647% loss for each 1% loss beyond 15%
|
| Initial value: | 2,722.18
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| Pricing date: | Nov. 13
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| Settlement date: | Nov. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130WCS8
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