By Sarah Lizee
Olympia, Wash., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $232,000 of capped buffered return enhanced notes due Sept. 30, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 19.25%.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
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 index: | Nasdaq-100 index
|
| Amount: | $232,000
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any gain, capped at par plus 19.25%; par if index declines by up to 10%; one-to-one exposure to losses beyond 10%
|
| Initial level: | 7,749.449
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.61703%
|
| Cusip: | 48132FJW7
|
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