By Wendy Van Sickle
Columbus, Ohio, May 10 – JPMorgan Chase Financial Co. LLC priced $5.41 million of 0% review notes due Nov. 8, 2018 linked to the lesser performing of the Russell 2000 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.
The notes will be called at par plus a call premium of 9% a year if each underlying closes at or above its initial level on any semiannual call date.
If the notes are not called and the final level of each underlying is greater than or equal to its buffer, 80% of its initial level, the payout will be par plus the contingent minimum return of 6%.
Otherwise, investors will lose 1.25% for each 1% that the lesser performer finishes below the 80% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
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| Underlyings: | Russell 2000, iShares MSCI EAFE ETF
|
| Amount: | $5,413,000
|
| Maturity: | Nov. 8, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 6% unless either underlying finishes below 80% buffer, in which case 1.25% loss per 1% decline of worse performer beyond 20%
|
| Call: | At par plus a call premium of 9% per year if each underlying closes at or above its initial level on any semiannual call date
|
| Initial levels: | 1,388.846 for index and $64.87 for fund
|
| Pricing date: | May 5
|
| Settlement date: | May 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 46647MJW4
|
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