By Wendy Van Sickle
Columbus, Ohio, March 27 – JPMorgan Chase Financial Co. LLC priced $9.6 million of 0% digital buffered equity notes due July 27, 2020 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 return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,355 for each $1,000 principal amount, and par plus the index return.
If the index falls by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital buffered equity notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $9.6 million
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| Maturity: | July 27, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains or finishes flat, greater of threshold settlement amount, $1,355 for each $1,000 principal amount, and par plus index return; par if index falls by up to 10%; otherwise, 1.1111% loss for each 1% decline beyond the 10% buffer
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| Pricing date: | March 23
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| Settlement date: | April 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.33%
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| Cusip: | 48129MEJ1
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