By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – JPMorgan Chase Financial Co. LLC priced $3.4 million of 0% trigger Performance Leveraged Upside Securities due Aug. 14, 2019 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus the early redemption return of 10% if each index closes at or above its initial level on Aug. 9, 2018.
If the notes are not called and both indexes closes above their initial levels, the payout at maturity will be par plus 1.5 times the return of the worse performing index.
If either index declines, but neither finishes below its 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the loss of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable trigger Performance Leveraged Upside Securities
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| Underlying indexes: | S&P 500 and Euro Stoxx 50
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| Amount: | $3.4 million
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| Maturity: | Aug. 14, 2019
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| Coupon: | 0%
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| Price: | Par
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| Call: | At 110% of par if both indexes close above their initial levels on Aug. 9, 2018
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| Payout at maturity: | If both indexes finish above initial levels, par plus 1.5 times return of the worse performing index; par if either index falls, but neither declines below 80% trigger; otherwise, full exposure to loss of worse performing index
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| Initial index levels: | 2,619.55 for S&P, 3,325.99 for Stoxx
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| Trigger levels: | 2,095.64 for S&P, 2,660.792 for Stoxx; 80% of initial levels
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 48129L843
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