By Susanna Moon
Chicago, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $2.17 million of 0% capped buffered return enhanced notes due April 30, 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 finishes above its initial value, the payout at maturity will be par plus 2 times the gain up to a maximum return of 14%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,165,000
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| Maturity: | April 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 14%; par if index declines by up to 10%; 1% loss per 1% drop beyond 10%
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| Initial value: | 2,711.74
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48130UNJ0
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