By Marisa Wong
Morgantown, W.Va., March 13 – JPMorgan Chase Financial Co. LLC priced $7.57 million of 0% dual directional buffered participation securities due Sept. 3, 2020 linked to an equally weighted basket consisting of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum payout of par plus 17.85%.
If the basket finishes flat or falls by up to 10%, the payout will be par plus the absolute value of the return of the basket.
Otherwise, investors will lose 1% for each 1% loss of basket beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional buffered participation securities
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| Underlying basket: | Russell 2000 index, Euro Stoxx 50 index; equally weighted
|
| Amount: | $7,573,590
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| Maturity: | Sept. 3, 2020
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If basket finishes above the initial level, par plus the gain capped at par plus 17.85%; if basket finishes flat or falls by up to 10%, par plus the absolute value of the return of the basket; otherwise, 1% loss for each 1% basket decline beyond 10%
|
| Initial values: | 1,575.549 for Russell, 3,298.26 for Stoxx
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| Pricing date: | Feb. 28
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 48130X547
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