By Marisa Wong
Morgantown, W.Va., March 13 – JPMorgan Chase Financial Co. LLC priced $13.34 million of 0% digital equity notes due March 14, 2019 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 return is zero or positive, the payout at maturity will be the threshold settlement amount of $1,306 per $1,000 principal amount.
If the index return is negative, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $13.34 million
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| Maturity: | March 14, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 30.6%; otherwise, full exposure to losses
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| Initial index level: | 3,409.89
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| Pricing date: | March 9
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| Settlement date: | March 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 46646QJ55
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