By Angela McDaniels
Tacoma, Wash., Dec. 4 – JPMorgan Chase Financial Co. LLC priced $13.96 million of 0% dual directional trigger jump securities due June 3, 2020 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 final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 37.5%.
If the final index level is less than the initial index level but is greater than or equal to the trigger level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will lose 1% for every 1% that the index declines 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: | Dual directional trigger jump securities
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $13,959,900
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above initial level, par plus 37.5%; if index falls but finishes at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, 1% loss for every 1% that index declines from initial level
|
| Initial index level: | 132.19
|
| Trigger level: | 105.752, 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 48129K746
|
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