By Marisa Wong
Morgantown, W.Va., July 3 – JPMorgan Chase Financial Co. LLC priced $1.57 million of 0% contingent buffered return enhanced notes due Dec. 26, 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 plus 1.4125 times the gain.
If the index falls by up to 25%, 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 return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.57 million
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| Maturity: | Dec. 26, 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 1.4125 times return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
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| Initial index level: | 112.60
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48129M3W4
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