By Susanna Moon
Chicago, March 8 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% contingent buffered notes due March 12, 2019 linked to the WTI Crude Oil Futures Contract, according to a 424B2 filed with the Securities and Exchange Commission.
If the asset finishes above its 75% threshold, the payout at maturity will be par plus the greater of any asset gain and the contingent minimum return of 9.25%.
If the asset falls by more than the contingent buffer, the payout will be par plus the return.
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: | Contingent buffered notes
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| Underlying asset: | WTI Crude Oil Futures Contract
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| Amount: | $2.65 million
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| Maturity: | March 12, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains or falls by up to 25%, par plus any gain with floor of 9.25%; if asset falls by more than 25%, 1% loss for each 1% decline
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| Initial level: | $61.68
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| Contingent buffer: | 25%
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46647MQT3
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