By Sarah Lizee
Olympia, Wash., Jan. 29 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped buffered equity notes due Feb. 12, 2020 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain in the fund, up to a maximum return of 12%.
Investors will receive par if the fund falls by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | Invesco QQQ Trust, series 1
|
| Amount: | $250,000
|
| Maturity: | Feb. 12, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the fund, capped at 12%; par if fund falls by up to 15%; 1.17647% loss for every 1% decline beyond 15%
|
| Initial price: | $165.15
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130WTH4
|
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