By Marisa Wong
Morgantown, W.Va., Feb. 26 – JPMorgan Chase Financial Co. LLC priced $8 million of 0% Performance Leveraged Upside Securities due May 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payment of $15.75 per PLUS.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $8 million
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| Maturity: | May 26, 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 par plus 57.5%; 1% loss for each 1% decline
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| Initial level: | 3,259.49
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 25
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
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| Cusip: | 48130X513
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