By Devika Patel
Knoxville, Tenn., Nov. 22 – JPMorgan Chase Financial Co. LLC priced $900,000 of 0% capped contingent buffered return enhanced notes due Dec. 6, 2017 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.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.35 times the index gain, subject to a maximum payout of $1,350 per $1,000 of notes.
If the index falls but by up to the 20% contingent buffer, the payout will be par.
If the index falls by more 20%, investors will lose 1% for each 1% decline from the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped contingent buffered notes
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| Underlying index: | Russell 2000
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| Amount: | $900,000
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| Maturity: | Dec. 6, 2017
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index gains, par plus 1.35 times the return, capped at $1,350 per $1,000 of notes; if the index falls by up to the 20% contingent buffer, par; if the index falls by more 20%, investors will lose 1% for each 1% decline from initial level
|
| Initial level: | 1,315.642
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| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 21
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646QAZ8
|
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