By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $2.21 million of 0% capped enhanced participation equity notes due Oct. 18, 2023 linked to the Schlumberger Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock return greater than the initial level, the payout at maturity will be par plus 300% of the stock return, subject to a maximum settlement amount of par plus 53.25%.
Investors will be fully exposed to any stock decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying stock: | Schlumberger Ltd.
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| Amount: | $2,212,000
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| Maturity: | Oct. 18, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 300% of the gain, capped at par plus 53.25%; otherwise, full exposure to loss
|
| Initial level: | $38.37
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| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133NBU1
|
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