By Marisa Wong
Los Angeles, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% capped buffered equity notes due May 27, 2022 linked to the Russell 2000 index, 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 index gain, capped at 14%.
If the index finishes flat or declines by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond the 15% 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 equity notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1.04 million
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| Maturity: | May 27, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain, capped at 14%; par if index finishes flat or declines by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15%
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| Initial value: | 1,853.532
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132P3T9
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