JPMorgan to price uncapped return enhanced notes on OMX Stockholm

By Marisa Wong

Morgantown, W.Va., Aug. 21 – JPMorgan Chase Financial Co. LLC plans to price 0% uncapped return enhanced notes due Sept. 3, 2019 linked to the OMX Stockholm 30 index, converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus at least 1.47 times the index return. The exact upside leverage factor will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.

The index return is calculated using the adjusted closing levels on the pricing date and final valuation date. The adjusted closing level is the closing level of the index on a particular day divided by the exchange rate on that day. The exchange rate is the Swedish krona/U.S. dollar exchange rate. The exchange rate increases as the dollar appreciates relative to the krona.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Aug. 28.

The Cusip number is 46647MG23.

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