By Angela McDaniels
Tacoma, Wash., Sept. 26 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% return notes due Dec. 26, 2019 linked to the European Dividend Futures 2019 (USD) index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 101.8%.
Because of the 101.8% index adjustment factor, the payout will be less than par if the index declines by more than 1.76817%.
The index aims to replicate the returns of a notional investment in a euro-denominated listed futures contract traded on the Eurex Exchange that has a final settlement price based on the Euro Stoxx 50 DVP while attempting to mitigate exposure to fluctuations in the value of the euro relative to the dollar.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying index: | European Dividend Futures 2019 (USD) index
|
| Amount: | $1.5 million
|
| Maturity: | Dec. 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus index return multiplied by (c) 101.8%
|
| Initial index level: | 107.7691
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46646EE99
|
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