By Wendy Van Sickle
Columbus, Ohio, March 31 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% capped contingent buffered return enhanced notes due Sept. 27, 2021 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the gain of the commodity, capped at par plus 23.25%.
Investors will receive par if the commodity falls by up to 15%.
Otherwise, investors will lose 1% for each 1% decline of the commodity.
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 commodity: | Gold
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| Amount: | $300,000
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| Maturity: | Sept. 27, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If commodity finishes at or above initial level, par plus 1.55 times gain, capped at par plus 23.25%; par if commodity falls by up to 15%; otherwise, 1% loss for each 1% decline
|
| Initial level: | $1,494.40
|
| Buffer level: | 85% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48130UUL7
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