By Susanna Moon
Chicago, Nov. 29 – JPMorgan Chase Financial Co. LLC priced $2.8 million of 0% capped dual directional contingent buffered equity notes due May 22, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain, up to a maximum return of 20.5%.
If the index falls by up to 20.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.
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: | Capped dual directional contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2,801,000
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| Maturity: | May 22, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 20.5%; if index falls by up to 20.5%, par plus absolute return; if index falls by more than 20.5%, 1% loss per 1% decline
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| Initial index level: | 3,547.46
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| Contingent buffer: | 20.5%
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 61768CUM7
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