By Susanna Moon
Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered equity notes due Oct. 21, 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 at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 16%.
If the index falls by up to the 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
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 equity notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $1 million
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| Maturity: | Oct. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 16%; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 128
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| Contingent buffer: | 30%
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| Pricing date: | April 16
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| Settlement date: | April 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MNK8
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