By Sarah Lizee
Olympia, Wash., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $6.57 million of 0% capped buffered return enhanced notes due April 29, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Alerian MLP index with a 50% weight and the Bloomberg Commodity index with a 50% weight.
The payout at maturity will be par plus 1.25 times any basket gain, capped at par plus 32%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Basket components: | Alerian MLP index with a 50% weight and Bloomberg Commodity index with a 50% weight.
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| Amount: | $6.57 million
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| Maturity: | April 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any basket gain, capped at par plus 32%; par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond the buffer
|
| Initial levels: | 215.8002 for Alerian, 79.2367 for Bloomberg
|
| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
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| Cusip: | 48132FZA7
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