By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $13.88 million of 0% buffered Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 2.03 times the gain.
If the index falls by up to 10%, the payout will be par. Investors will be exposed to any index decline beyond 10%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $13,879,650
|
| Maturity: | Nov. 4, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 2.03 times the gain; if the index falls by up to 10%, par; exposure to any index decline beyond 10%
|
| Initial level: | 3,536.52
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 3%
|
| Cusip: | 48129L199
|
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