By Wendy Van Sickle
Columbus, Ohio, June 2 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 0% trigger Performance Leveraged Upside Securities due May 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 300% of any index gain up to a maximum payment of $12.34 per PLUS.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,519,520
|
| Maturity: | May 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par of $10 plus 300% of index return, subject to a maximum payment of $12.34 per PLUS; par if index drops up to 30%; full exposure to loss if index declines beyond 30%
|
| Initial level: | 2,096.96
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 46646W821
|
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