By Susanna Moon
Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $3.6 million of 0% trigger Performance Leveraged Upside Securities due April 3, 2019 linked to the Topix index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 159% of the index gain up to a maximum payment of $12.10 per PLUS.
If the index falls by up to 10%, the payout will be par.
If the index finishes below its 90% trigger level, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | Topix
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| Amount: | $3,599,200
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| Maturity: | April 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of return, capped at 21%; if index declines by 10% or less, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 1,674.75
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| Trigger level: | 1,507.275, 90% of initial level
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2%
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| Cusip: | 48129J558
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