By Tali Rackner
Minneapolis, April 2 – JPMorgan Chase Financial Co. LLC priced $127,000 of 0% capped buffered return enhanced notes due Feb. 28, 2020 linked to the Topix 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 double the gain, with the payout capped at par plus 27%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
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: | Capped buffered return enhanced notes
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| Underlying index: | Topix index
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| Amount: | $127,000
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| Maturity: | Feb. 28, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus double any index gain, capped at par plus 27%; par if index declines by up to 10%; 1% loss for every 1% decline beyond 10%
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| Initial value: | 1,768.24
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| Pricing date: | Feb. 28
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.57244%
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| Cusip: | 48129HYY7
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