By Marisa Wong
Los Angeles, May 13 – JPMorgan Chase Financial Co. LLC priced $77.23 million of 0% capped enhanced participation equity notes due Aug. 3, 2022 linked to the Euro Stoxx 50 index, converted into dollars, 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 3 times any index gain, capped at par plus 19.8%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying index: | Euro Stoxx 50 index, converted into dollars
|
| Amount: | $77,225,000
|
| Maturity: | Aug. 3, 2022
|
| Coupon | : | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 19.8%; full exposure to losses
|
| Initial level: | 4,898.38635 (closing level of index on pricing date times dollar/euro exchange rate on that day)
|
| Pricing date: | May 7
|
| Settlement date: | May 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48132TG26
|
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