By Susanna Moon
Chicago, March 24 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 0% contingent buffered return enhanced notes due March 15, 2022 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.
The payout at maturity will be par plus 1.35 times any index gain.
If the index falls by up to 20%, the payout will be par.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
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: | Contingent buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.4 million
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| Maturity: | Sept. 20, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.35 times any index gain; par if index falls by up to 20%; otherwise, full exposure to losses
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| Initial level: | 3,448.41
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646QX34
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