By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $1.37 million uncapped buffered return enhanced notes due May 10, 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 above its initial value, the payout at maturity will be par plus 2.22 times the gain, up to a maximum return of 20.0022%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% index decline beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.37 million
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| Maturity: | May 10, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2.22 times any index gain, up to a maximum return of 20.0022%; par if index finishes flat or declines by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial value: | 3,658.77
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 10
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129HNF0
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