By Marisa Wong
Morgantown, W.Va., June 29 – JPMorgan Chase Financial Co. LLC priced $11.65 million of capped buffered return enhanced notes due June 29, 2018 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 closes at or above its initial value, the payout at maturity will be par plus two times any gain with the payout capped at par plus 20.5%.
If the index 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: | $11,645,000
|
| Maturity: | June 29, 2018
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus two times return of index, capped at par plus 20.5%; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 2,000.54
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.26797%
|
| Cusip: | 46646EEK4
|
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