By Wendy Van Sickle
Columbus, Ohio, March 13 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% enhanced buffered jump securities with downside factor and principal exposure due March 17, 2021 linked to the 10-year U.S. Dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the rate finishes at or above its 85% downside threshold, the payout at maturity will be par plus 10.7%.
Otherwise, investors will lose 2% for every 1% decline beyond 50%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Enhanced buffered jump securities with downside factor and principal exposure
|
| Underlying rate: | 10-year U.S. Dollar ICE swap rate
|
| Amount: | $2.5 million
|
| Maturity: | March 17, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If rate finishes at or above downside threshold, par plus 10.7%; otherwise, 2% loss for every 1% decline beyond 50%
|
| Initial level: | 1.279%
|
| Downside threshold: | 0.6395%, 50% of initial level
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 1.25%
|
| Cusip: | 48130UUC7
|
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