By Susanna Moon
Chicago, July 28 – JPMorgan Chase Financial Co. LLC priced $136,000 of 0% buffered return enhanced notes due July 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 29%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Buffered return enhanced notes
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| Underlying index: | Russell 2000
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| Amount: | $136,000
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| Maturity: | July 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 29%; par if the index falls by up to 10%; exposure to any losses beyond 10%
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| Initial index level: | 1,216.859
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.28309%
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| Cusip: | 46646ELR1
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