By Wendy Van Sickle
Columbus, Ohio, March 26 – JPMorgan Chase Financial Co. LLC priced $600,000 of capped buffered return enhanced notes due April 27, 2020 linked to shares of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 22.6%.
If the stock declines by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% decline 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 stock: | Boeing Co.
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| Amount: | $600,000
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| Maturity: | April 27, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times any stock gain, capped at par plus 22.6%; par if stock declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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| Initial value: | $362.17
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| Pricing date: | March 22
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| Settlement date: | March 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
|
| Cusip: | 48130WM99
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