By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $3.32 million of 0% trigger jump securities due Nov. 5, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 28%.
If the final share price is less than the initial share price but greater than or equal to the trigger share price, the payout will be par. The trigger share price is 90% of the initial share price.
If the final share price is less than the trigger share price, investors will be fully exposed to the stock’s decline from the initial share price.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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| Amount: | $3,322,300
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| Maturity: | Nov. 5, 2018
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 28%; if final share price is less than initial share price but greater than or equal to trigger share price, par; if final share price is less than trigger share price, full exposure to stock’s decline from initial share price
|
| Initial share price: | $113.54
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| Downside threshold: | $102.186, 90% of initial share price
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
|
| Cusip: | 46646X134
|
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