By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – JPMorgan Chase Financial Co. LLC priced $1.86 million of 0% contingent buffered digital notes due Aug. 13, 2019 linked to the common stocks of PayPal Holdings, Inc., Alexion Pharmaceuticals, Inc. and SVB Financial Group, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to its initial value, the payout at maturity will be par plus 20.25%.
If the final value of any asset is less than its initial value but none falls by more than 30%, the payout will be par.
If any asset falls by more than 30%, investors will be fully exposed to the least performing asset’s decline from its initial value.
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 assets: | PayPal Holdings, Inc., Alexion Pharmaceuticals, Inc. and SVB Financial Group
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| Amount: | $1.86 million
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| Maturity: | Aug. 13, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final value of each asset is greater than or equal to its initial value, par plus 20.25%; if the final value of any asset is less than its initial value but none falls by more than 30%, par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
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| Initial values: | $85.77 for PayPal, $123.36 for Alexion and $324.77 for SVB
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48130UBT1
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