By Susanna Moon
Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $10.58 million of 0% trigger Performance Leveraged Upside Securities due May 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 29%.
If the index falls by up to the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,575,000
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Maturity: | May 31, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any index gain, capped at 29%; par if index falls by up to 30%; full exposure to any losses if index finishes below trigger level
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Initial index level: | 3,071.21
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Trigger level: | 70% of the initial price
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Pricing date: | May 26
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Settlement date: | June 1
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Agent: | J.P. Morgan Securities LLC with distribution through Morgan Stanley Smith Barney LLC
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Fees: | 1.6%
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Cusip: | 46646W672
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