By Marisa Wong
Los Angeles, March 8 – JPMorgan Chase Financial Co. LLC priced $330,000 of 0% capped buffered return enhanced notes due March 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus double the gain, with the payout capped at par plus 9.35%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $330,000
|
| Maturity: | March 11, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 9.35%; par if index finishes flat or declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 3,915.59
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48132RZM5
|
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