By Wendy Van Sickle
Columbus, Ohio, July 27 – JPMorgan Chase Financial Co. LLC priced $3.36 million 0% enhanced trigger jump securities due Aug. 22, 2019 linked to the 10-year U.S. Dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final swap rate level is at least 75% of the initial level, the payout at maturity will be par plus the upside payment of 6.2%.
If the final swap rate level is less than the 75% trigger level, investors will be fully exposed to the rate’s decline from its initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Enhanced trigger jump securities
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| Underlying rate: | 10-year U.S. Dollar ICE swap rate
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| Amount: | $3,355,000
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| Maturity: | Aug. 22, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final swap rate level is at least 75% of the initial level, par plus 6.2%; otherwise, 1% loss per 1% decline
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| Initial swap rate: | 2.901%
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| Trigger levels: | 2.17575%; 75% of initial level
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| Pricing date: | July 13
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| Settlement date: | July 18
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Smith Barney LLC
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| Fees: | 1%
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| Cusip: | 46647MSH7
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