By Marisa Wong
Morgantown, W.Va., May 8 – JPMorgan Chase Financial Co. LLC priced $1.26 million of capped buffered return enhanced notes due April 30, 2019 linked to the iShares U.S. Real Estate exchange-traded fund, 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 fund gain, up to a maximum return of 15%.
Investors will receive par if the fund falls by up to 26.5% and will be exposed to any losses beyond 26.5%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | iShares U.S. Real Estate ETF
|
| Amount: | $1,263,000
|
| Maturity: | April 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, capped at 15%; par if fund declines by up to 26.5%; exposure to losses beyond 26.5%
|
| Initial price: | $80.11
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46646QQK4
|
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