By Wendy Van Sickle
Columbus, Ohio, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $11.09 million of 0% buffered enhanced participation equity notes due May 21, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial level, the payout at maturity will be par plus 178.25% of the gain.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Enhanced participation equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $11,085,000
|
| Maturity: | May 21, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.7825 times any index gain; if index falls by up to 15%, par; otherwise, 1.1765% loss for each 1% decline beyond 15%
|
| Initial level: | 3,160.33
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.33%
|
| Cusip: | 48130WCA7
|
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