By Angela McDaniels
Tacoma, Wash., Nov. 18 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% uncapped buffered return enhanced notes due May 19, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.15 times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $350,000
|
| Maturity: | May 19, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times any index gain; par if index declines by 25% or less; 1% loss for every 1% that index declines beyond 25%
|
| Initial level: | 3,688.81
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132FP67
|
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