By Marisa Wong
Los Angeles, June 21 – JPMorgan Chase Financial Co. LLC priced $1,898,000 of 0% capped buffered return enhanced notes due June 30, 2022 linked to the S&P 500 Value 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 11.75%.
If the index finishes flat or declines by up to 5%, the payout will be par. Investors will be exposed to any losses beyond 5%.
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 Value index
|
| Amount: | $1,898,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 11.75%; par if index finishes flat or declines by up to 5%; exposure to losses beyond 5%
|
| Initial value: | 1,407.40
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132TLG9
|
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