By William Gullotti
Buffalo, N.Y., Oct. 1 – JPMorgan Chase Financial Co. LLC priced $359,000 of 0% capped return enhanced notes due Sept. 19, 2022 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.
If the index finishes above its initial value, the payout at maturity will be par plus three times the gain with the payout capped at par plus 15.6%.
Investors will be fully exposed to any index decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $359,000
|
| Maturity: | Sept. 19, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 15.6%; full exposure to losses
|
| Initial value: | 4,099.5
|
| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.1%
|
| Cusip: | 48132U3D3
|
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