By Devika Patel
Knoxville, Tenn., Jan. 2 – JPMorgan Chase Financial Co. LLC priced $200,000 of uncapped buffered return enhanced notes due Nov. 30, 2020 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 return is positive, the payout at maturity will be par plus 2.1 times any gain.
If the index declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
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: | Uncapped buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $200,000
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| Maturity: | Nov. 30, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2.1 times any gain; par if index declines by up to 10%; one-to-one exposure to losses beyond 10%
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| Initial level: | 3,173.13
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.57%
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| Cusip: | 48130UW50
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