By Wendy Van Sickle
Columbus, Ohio, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $15.77 million of 0% trigger Performance Leveraged Upside Securities due Jan. 2, 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.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 23.7%
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 80% of the initial index level.
If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.
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 Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $15,769,350
|
| Maturity: | Jan. 2, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 200% of index return, subject to 23.7% maximum return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to decline from initial level
|
| Initial index level: | 135.88
|
| Trigger level: | 108.704, 80% of initial levels
|
| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48129J517
|
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