By Wendy Van Sickle
Columbus, Ohio, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $4.27 million of 0% contingent buffered equity notes due Feb. 13, 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 index return.
Investors will receive par if the index falls by up to 24.5% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 24.5% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $4,273,000
|
| Maturity: | Feb. 13, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus the index return; par if the index falls by up to 24.5%; 1% loss for each 1% decline below the initial level if the index falls by more than the 24.5% contingent buffer
|
| Initial index level: | 3,406.34
|
| Final index level: | Average of index’s closing levels on five trading days ending Feb. 8, 2019
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46647ML76
|
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