By Sarah Lizee
Olympia, Wash., May 21 – JPMorgan Chase Financial Co. LLC sold $865,000 of 0% capped buffered return enhanced notes due Nov. 18, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 18.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500
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| Amount: | $865,000
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| Maturity: | Nov. 18, 2022
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 18.25%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 2,863.7
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132KG74
|
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