By Susanna Moon
Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% contingent buffered return enhanced notes due Nov. 5, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlying component finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index or fund.
If either component falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing component.
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: | Uncapped Contingent buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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| Amount: | $5 million
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| Maturity: | Nov. 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.5 times return of worse performing component; if either component falls by up to 50%, par; otherwise, 1% loss per 1% decline of worse performing index or fund
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| Strike levels: | 3,688.80 for Stoxx, $46.58 for fund
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| Contingent buffer: | 50%
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| Strike date: | Nov. 2
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48129HMV6
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