By Susanna Moon
Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $7.77 million of 0% jump securities due July 22, 2019 linked to the S&P 500 index, according to a 424B2 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 of $10 plus an upside payment of $1.325.
Otherwise, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities
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| Underlying index: | S&P 500
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| Amount: | $7,774,500
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| Maturity: | July 22, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus 13.25%; otherwise, 1% loss per 1% decline
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| Initial level: | 2,706.39
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| Pricing date: | April 17
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Smith Barney LLC
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| Fees: | 1.75%
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| Cusip: | 48129L223
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