By Sarah Lizee
Olympia, Wash., March 4 – JPMorgan Chase Financial Co. LLC priced $1.9 million of 0% capped notes due April 1, 2020 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, the payout at maturity will be par plus the index return, capped at par plus 4.7%.
If the index finishes flat or falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying index: | S&P Economic Cycle Factor Rotator index
|
| Amount: | $1.9 million
|
| Maturity: | April 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus the index return, capped at par plus 4.7%; if the index finishes flat or falls, par
|
| Initial level: | 393.856
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48130W4W8
|
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