By Wendy Van Sickle
Columbus, Ohio, March 17 – JPMorgan Chase Financial Co. LLC priced $5.57 million of 0% Performance Leveraged Upside Securities due July 5, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 19%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $5,565,450
|
| Maturity: | July 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, return capped at 19%; full exposure to any fund decline
|
| Initial level: | $39.32
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48129F788
|
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