By Susanna Moon
Chicago, Aug. 17 – JPMorgan Chase & Co. priced $3.02 million of 0% uncapped contingent buffered equity notes due Feb. 13, 2019 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 23.9% and will be fully exposed to any losses if the index falls by more than the contingent buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $3,015,000
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| Maturity: | Feb. 13, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index falls by up to 23.9%; 1% loss for each 1% decline if index falls by more than 23.9%
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| Initial level: | 133.05
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| Contingent buffer: | 23.9%
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| Pricing date: | Aug. 11
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| Settlement date: | Aug. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46647ML68
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