By Sarah Lizee
Olympia, Wash., Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.34 million 0% enhanced trigger jump securities due Oct. 7, 2020 linked to the Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final commodity level is at least 70% of the initial level, the payout at maturity will be par plus the upside payment of 10.6%.
If the final commodity level is less than the 70% trigger level, investors will be fully exposed to the commodity’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Enhanced trigger jump securities
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| Underlying rate: | Brent crude oil futures contracts
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| Amount: | $1,335,000
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| Maturity: | Oct. 7, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If final commodity level is at least 70% of the initial level, par plus 10.6%; otherwise, 1% loss per 1% decline
|
| Initial price: | $64.28
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| Trigger level: | $44.996; 70% of initial level
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 61766YEL1
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