By Wendy Van Sickle
Columbus, Ohio, March 12 – JPMorgan Chase Financial Co. LLC sold $695,000 of 0% buffered return enhanced notes due March 12, 2025 linked to the Euro Stoxx 50 index, 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 1.8795 times any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1.33333% for every 1% decline beyond 25%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $695,000
|
| Maturity: | March 12, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.8795 times any index gain; par if index falls by up to 25%; 1.33333% loss for every 1% decline beyond 25%
|
| Initial index level: | 3,232.07
|
| Buffer level: | 75% of initial level
|
| Pricing date: | March 6
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132KEM3
|
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