By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $4.36 million of 0% buffered digital notes due Oct. 22, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be the threshold settlement payment of $1,365.00 per $1,000 of notes.
If the index falls by up to the 10% buffer, investors will receive par.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $4,355,000
|
| Maturity: | Oct. 22, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is flat or positive $1,365 per $1,000 principal amount; if index falls by up to 10%, par; 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 3,607.77
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 48129HFY8
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