By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% contingent buffered digital notes due Feb. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its 90% threshold, the payout at maturity will be par plus the fixed return of 13.3%.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5 million
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Maturity: | Feb. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above its 90% threshold, par plus 13.3%; otherwise, 1% loss for each 1% decline
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Initial index level: | 3,449.36
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Contingent buffer: | 10%
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 46647MZE6
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