By Marisa Wong
Morgantown, W.Va., April 5 – JPMorgan Chase Financial Co. LLC priced $3.12 million of 0% contingent buffered equity notes due Sept. 26, 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.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 32.1% and will be fully exposed to any losses if the index falls by more than the 32.1% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $3,115,000
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| Maturity: | Sept. 26, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if the index falls by up to 32.1%; full exposure to any losses if the index falls by more than the 32.1% contingent buffer
|
| Initial level: | 125.69
|
| Final index level: | Average of index’s closing levels on five trading days ending Sept. 21, 2018
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.2%
|
| Cusip: | 46646QY82
|
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