By Angela McDaniels
Tacoma, Wash., Sept. 23 – JPMorgan Chase Financial Co. LLC priced $14.17 million of 0% trigger jump securities due Sept. 22, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 31.55%.
If the final index level is less than the initial index level but greater than or equal to the trigger level, the payout will be par. The trigger level is 70% of the initial index level.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from the initial index level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,171,180
|
| Maturity: | Sept. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus greater of 31.55% and index return; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline from initial index level
|
| Initial index level: | 3,552.65
|
| Trigger level: | 2,486.855, or 70% of initial level
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48132G658
|
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