By Susanna Moon
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $474,000 of 0% capped contingent buffered return enhanced notes due March 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the gain, up to a maximum return of 31.25%.
If the index falls by up to the 30% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped contingent buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $474,000
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| Maturity: | March 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.25 times return, capped at 31.25%; if index falls by up to 30%, par; otherwise, par plus return with full exposure to any losses
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| Initial level: | 3,541.42
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| Contingent buffer: | 30%
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 46647MW58
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