By Marisa Wong
Morgantown, W.Va., Aug. 25 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% digital notes due Aug. 20, 2020 linked to the performance of an equally weighted basket of three currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Brazilian real, the Russian ruble and the Indian rupee.
If the basket return is positive or zero – meaning that the basket currencies, as a whole, strengthen or remain unchanged relative to the dollar – the payout at maturity will be par plus 13%.
If the basket return is negative, investors will receive par.
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: | Digital notes
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| Underlying basket: | Brazilian real, the Russian ruble and the Indian rupee; equally weighted; relative to dollar
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| Amount: | $1.25 million
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| Maturity: | Aug. 20, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket return is positive or zero, par plus 13%; if the basket return is negative, par
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| Initial spot rates: | 3.1654 for real, 64.1048 for ruble, 59.4030 for rupee
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 46647MNA7
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