By Tali Rackner
Norfolk, Va., June 10 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped contingent buffered return enhanced notes due Dec. 6, 2017 linked to MSCI EAFE 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 1.5 times any index gain, subject to a maximum return of 22.5%.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index drops by more than the contingent buffer.
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: | Capped contingent buffered return enhanced notes
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| Underlying index: | MSCI EAFE
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| Amount: | $1 million
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| Maturity: | Dec. 6, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, subject to 22.5% maximum return; par if index declines by 15% or less; full exposure to any losses if index drops by more than contingent buffer
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| Initial level: | 1,659.87
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| Contingent buffer: | 15%
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| Pricing date: | June 1
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| Settlement date: | June 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646EFY3
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