By Marisa Wong
Morgantown, W.Va., May 2 – JPMorgan Chase Financial Co. LLC priced $892,000 of 0% capped dual directional contingent buffered return enhanced notes due Oct. 28, 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 positive, the payout at maturity will be par plus 2 times the index return, capped at 28%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 25% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $892,000
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| Maturity: | Oct. 28, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 2 times the index return, capped at 28%; if the index falls by up to 25%, par plus the absolute value of the index return; if the index falls by more than the 25% contingent buffer, full exposure to any losses
|
| Initial level: | 3,440.27
|
| Pricing date: | April 21
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.42%
|
| Cusip: | 46646Q6T7
|
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