By Marisa Wong
Morgantown, W.Va., Dec. 13 – JPMorgan Chase Financial Co. LLC priced $2.72 million of 0% capped buffered enhanced participation equity notes due Jan. 9, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial level, the payout at maturity will be par plus 160% of the index return, subject to a maximum settlement amount of $1,235.20 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% index decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,723,000
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| Maturity: | Jan. 9, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 160% of any index gain, up to maximum return of 23.52%; par if index falls by 12.5%; 1.1429% loss for each 1% index decline beyond 12.5%
|
| Initial index level: | 2,212.23
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QEJ0
|
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