By Sarah Lizee
Olympia, Wash., Oct. 23 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% capped contingent buffered equity notes due Jan. 23, 2020 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any fund gain, subject to a maximum return of 13.55%.
If the fund falls by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the fund decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying fund: | Health Care Select Sector SPDR fund
|
| Amount: | $1.05 million
|
| Maturity: | Jan. 23, 2020
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, subject to a maximum return of 13.55%; if fund falls by up to 20%, par; otherwise, full exposure to decline
|
| Initial level: | $91.51
|
| Contingent buffer: | 20%
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.12%
|
| Cusip: | 48130UH99
|
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