By Taylor Fox
New York, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $3.99 million of 0% capped buffered return enhanced notes due Sept. 20, 2022 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 1.5 times the gain, with the payout capped at par plus 16.5%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond the 10% buffer.
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: | $3,985,000
|
| Maturity: | Sept. 20, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 16.5%; par if index finishes flat or declines by up to 10%; exposure to losses beyond 10% buffer
|
| Initial value: | 3,768.25
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132RHL7
|
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