By Sarah Lizee
Olympia, Wash., Nov. 2 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% capped buffered return enhanced notes due Nov. 4, 2020 linked to a basket of indexes and an exchange traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE ETF with a 15% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 17.7%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Basket components: | S&P 500 index (70% weight), iShares MSCI EAFE ETF (15% weight), Russell 2000 index (15% weight)
|
| Amount: | $1.32 million
|
| Maturity: | Nov. 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain up to maximum payout of par plus 17.7%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial index levels: | 2,682.63 for S&P, $62.00 for ETF and 1,506.637 for Russell
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48130U7F6
|
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