New York, March 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered return enhanced notes due Sept. 19, 2018 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of the index is positive, the payout at maturity will be par plus 1.33 times the return with no cap.
If the index stays flat or falls by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline in the index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $1 million
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| Maturity: | Sept. 19, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.33 times gain; par if return is flat or falls by up to 20%; otherwise, full exposure to loss; final index level is average of last five days
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| Initial level: | 123.07
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| Pricing date: | March 14
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| Settlement date: | March 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646QV77
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