By Sarah Lizee
Olympia, Wash., Sept. 5 – JPMorgan Chase Financial Co. LLC priced $2.2 million of 0% capped buffered return enhanced notes due Oct. 2, 2020 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the final commodity level is greater than the initial level, the payout at maturity will be par plus 1.5 times the return of the commodity, subject to a maximum return of 15%.
Investors will receive par if the commodity declines by 2.5% or less and will lose 1% for every 1% that it declines beyond 2.5%.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying commodity: | Gold
|
| Amount: | $2,195,000
|
| Maturity: | Oct. 2, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final commodity level is greater than the initial level, par plus 1.5 times the return of the commodity, subject to a maximum return of 15%; par if the commodity declines by 2.5% or less and 1% loss for every 1% that it declines beyond 2.5%
|
| Initial level: | $1,540.20
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130URT4
|
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