By Marisa Wong
Morgantown, W.Va., May 21 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% notes due May 21, 2020 linked to the performance of the U.S. dollar relative to an equally weighted basket of three currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the euro, the British pound sterling and the Japanese yen. The spot rate is expressed as a number of dollars per euro or pound and as a number of yen per dollar.
The payout at maturity will be par plus the additional amount, which is equal to 242% of the basket return, subject to a minimum payout of 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: | Notes
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| Underlying basket: | Euro, British pound sterling and Japanese yen; equally weighted; relative to dollar
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| Amount: | $2.5 million
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| Maturity: | May 21, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus the additional amount, which is equal to 242% of the basket return, subject to a minimum payout of par
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| Initial spot rates: | 1.17865 dollars per euro, 1.34840 dollars per pound, 110.320 yen per dollar
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| Pricing date: | May 16
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| Settlement date: | May 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46647MRR6
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