By Susanna Moon
Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $1.38 million of 0% uncapped buffered equity notes due Nov. 13, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component closes at or above its initial level, the payout at maturity will be par plus the greater of the gain of the worse performing component and a contingent minimum return of 25.5%.
If either component falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing component beyond 30%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped buffered equity notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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| Amount: | $1,375,000
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| Maturity: | Nov. 13, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlying component gains, par plus gain of worse performing component floor of 25.5%; if either component falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing component beyond 30%
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| Initial levels: | 3,655.04 for Stoxx, $46.78 | for fund
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48129HMP9
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