By Sarah Lizee
Olympia, Wash., Oct. 8 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% capped buffered return enhanced notes due April 4, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Alerian MLP index with a 50% weight and the Bloomberg Commodity index with a 50% weight.
The payout at maturity will be par plus 1.25 times any basket gain, capped at par plus 30%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Basket components: | Alerian MLP index with a 50% weight and the Bloomberg Commodity index with a 50% weight
|
| Amount: | $1,075,000
|
| Maturity: | April 4, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any basket gain, capped at par plus 30%; par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond the buffer
|
| Initial index levels: | 232.9229 for Alerian, 77.7797 for Bloomberg
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132FTG1
|
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