By Marisa Wong
Morgantown, W.Va., Feb. 21 – JPMorgan Chase Financial Co. LLC priced $10.79 million of 0% buffered Performance Leveraged Upside Securities due May 18, 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 final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 15.22%.
If the index finishes flat or falls by no more than 10%, the payout will be par.
If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $10,789,200
|
| Maturity: | May 18, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, return capped at 15.22%; if index finishes flat or falls by no more than 10%, par; 1% loss for every 1% decline beyond the 10% buffer
|
| Initial level: | 3,323.71
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48128P118
|
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