By Sarah Lizee
Olympia, Wash., Dec. 12 – JPMorgan Chase Financial Co. LLC priced $9.79 million of 0% capped buffered return enhanced notes due May 31, 2022 linked to an equally-weighted basket consisting of the Alerian MLP index and the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any basket gain, capped at par plus 33.5%.
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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Basket components: | Alerian MLP index and Bloomberg Commodity index, 50% weight each
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| Amount: | $9.79 million
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| Maturity: | May 31, 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 33.5%; if basket falls by up to 20%, par; otherwise, 1% loss for each 1% decline beyond buffer
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| Initial index levels: | 202.5672 for Alerian and 78.3376 for Bloomberg
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| Pricing date: | Nov. 27
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| Settlement date: | Dec. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132FM94
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