By Susanna Moon
Chicago, Dec. 22 – JPMorgan Chase Financial Co. LLC priced $3.97 million of 0% uncapped buffered return enhanced notes due Dec. 26, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying component finishes at or above its initial level, the payout at maturity will be par plus 2.2 times the return of the worse performing component.
If either component falls but by no more than the 25% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered return enhanced notes
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| Underlying: | Euro Stoxx 50 index and the iShares MSCI EAFE ETF
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| Amount: | $350,000
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| Maturity: | Dec. 26, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each component gains, par plus 2.2 times return of worse performing component; if either component falls by no more than 25%, par; otherwise, full exposure to any losses of worse performing component
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| Initial levels: | 3,279.41 for Stoxx and $58.24 for iShares MSCI EAFE
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| Contingent buffer: | 25%
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 46646QJL0
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