By Angela McDaniels
Tacoma, Wash., June 2 – JPMorgan Chase Financial Co. LLC priced $9.27 million of 0% trigger Performance Leveraged Upside Securities due June 3, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket includes equal weights of the Euro Stoxx 50 index, the S&P 500 index and the Topix index.
If the basket finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the basket return, subject to a maximum return of 40.25%.
If the basket finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 80% of the initial basket level.
If the basket finishes below its trigger level, investors will be exposed to the basket’s decline from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | Euro Stoxx 50, S&P 500 and Topix, equally weighted
|
| Amount: | $9,271,370
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes above initial level, par plus 200% of basket return, subject to 40.25% maximum return; if basket finishes at or below initial level but at or above trigger level, par; if basket finishes below trigger level, exposure to decline
|
| Initial index levels: | 2,411.80 for S&P 500, 3,554.59 for Euro Stoxx 50 and 1,567.37 for Topix
|
| Trigger level: | 80% of initial basket level
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 48129G208
|
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