By Devika Patel
Knoxville, Tenn., May 10 – JPMorgan Chase Financial Co. LLC priced $4.42 million of 0% Performance Leveraged Upside Securities due Aug. 13, 2018 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum payment of $11.725 per PLUS.
Investors will lose 1% for every 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: | Performance Leveraged Upside Securities
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| Underlying index: | Topix
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| Amount: | $4,419,100
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| Maturity: | Aug. 13, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par of $10 plus triple the index return, subject to a maximum payment of $11.725 per PLUS; 1% loss for every 1% decline
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| Initial level: | 1,585.86
|
| Pricing date: | May 8
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| Settlement date: | May 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
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| Cusip: | 48129F234
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