By Susanna Moon
Chicago, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $2.07 million of capped buffered equity notes due Dec. 20, 2018 linked to the iShares Russell 2000 Value exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any fund gain, up to a maximum return of 16%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying fund: | iShares Russell 2000 Value ETF
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| Amount: | $2,065,000
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| Maturity: | March 8, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any fund gain, capped at 16%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
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| Initial level: | $119.42
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646QKG9
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