By Sarah Lizee
Olympia, Wash., June 18 – JPMorgan Chase Financial Co. LLC priced $4.39 million of 0% capped buffered enhanced participation equity notes due June 17, 2020 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 return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum payment of $1,195 per $1,000 of notes.
Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,385,000
|
| Maturity: | June 17, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times the index gain, subject to maximum payment of $1,195 per $1,000 of notes; par if the index falls by 10% or less; 1.1111% loss for each 1% decline beyond 10%
|
| Initial value: | 2,782.49
|
| Barrier level: | 90% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129MZU3
|
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