By Sarah Lizee
Olympia, Wash., July 31 – JPMorgan Chase Financial Co. LLC priced $378,000 of capped buffered return enhanced notes due Jan. 29, 2021 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 closes at or above its initial value, the payout at maturity will be par plus 2.5 times any gain up to a maximum payout of $1,440 per $1,000 principal amount.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $378,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any index gain, up to a maximum return of par plus 44%; par if index declines by up to 10%; otherwise, exposure to losses beyond 10%
|
| Initial value: | 3,509.26
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.14153%
|
| Cusip: | 48129M6R2
|
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