Chicago, Oct. 15 - JPMorgan Chase Financial Co. LLC priced $4.88 million of notes due Oct. 16, 2020 linked to the Norwegian krone relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be 95% of par plus 3.7 times any gain of the krone against the euro.
The minimum payout is $950 per $1,000 principal amount of notes and the payout is capped at $4,650 per $1,000 principal amount of notes.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JP Morgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Knock-out buffer notes
|
| Underlying currency: | Norwegian krone
|
| Amount: | $4,875,000
|
| Maturity: | Oct. 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 95% of par plus 3.7 times any gain of the krone against the euro with a minimum payout of $950 per $1,000 principal amount of notes and the payout is capped at $4,650 per $1,000 principal amount of notes
|
| Initial spot rate: | 9.93175
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130USE6
|
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