By Angela McDaniels
Tacoma, Wash., Feb. 27 - JPMorgan Chase & Co. priced $2.81 million of 0% notes due Feb. 28, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 145% of the index return. If the index return is negative, the payout will be par.
The level of the index reflects the deduction of a 0.5% fee per year that accrues daily.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $2,806,000
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of index return, subject to minimum payout of par
|
| Initial index level: | 120.52
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 48126N3B1
|
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