By Marisa Wong
Morgantown, W.Va., April 11 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% uncapped contingent buffered return enhanced notes due April 3, 2019 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each asset is greater than or equal to its initial level, the payout at maturity will be par plus 2 times the return of the lesser performing asset.
If the final level of either asset is less than its initial level but neither falls by more than 25%, the payout will be par.
If either asset falls by more than 25%, investors will be fully exposed to the decline of the lesser performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered return enhanced notes
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| Underlyings: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $1,017,000
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| Maturity: | April 3, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final level of each asset is greater than or equal to its initial level, par plus 2 times the return of the lesser performing asset; if the final level of either asset is less than its initial level but neither falls by more than 25%, par; if either asset falls by more than 25%, investors will be fully exposed to the decline of the lesser performing asset
|
| Initial levels: | 3,475.27 for index and $62.60 for ETF
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 46646QNF8
|
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