By Marisa Wong
Morgantown, W.Va., May 8 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% contingent buffered equity notes due April 30, 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 finishes at or above the initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 4%.
Investors will receive par if the index falls by up to 25.7% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 25.7% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5 million
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| Maturity: | April 30, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above the initial level, par plus the greater of the index return and 4%; par if the index falls by up to 25.7%; 1% loss for each 1% decline below the initial level if the index falls by more than the 25.7% contingent buffer
|
| Initial index level: | 3,583.16
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| Final index level: | Average of index’s closing levels on five trading days ending April 25, 2019
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46646Q6Z3
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