By Susanna Moon
Chicago, May 2 – JPMorgan Chase Financial Co. LLC priced $584,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 30, 2020 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 375.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped buffered return enhanced notes
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| Underlying asset: | Euro Stoxx 50 index
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| Amount: | $584,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain capped at 37%; if index falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
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| Initial level: | 3,485.83
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.45719%
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| Cusip: | 48129MHL3
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