By Marisa Wong
Morgantown, W.Va., May 31 – JPMorgan Chase Financial Co. LLC priced $11.17 million of 0% capped buffered enhanced participation equity notes due May 30, 2019 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum return of 48.225%.
If the index falls by up to 10%, the payout will be par.
If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered enhanced participation equity notes
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| Underlying index: | Euro Stoxx 50
|
| Amount: | $11.17 million
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| Maturity: | May 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, subject to a maximum return of 48.225%; if index falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 3,586.62
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46647MKJ1
|
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