By Marisa Wong
Morgantown, W.Va., April 26 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% uncapped return enhanced notes with a downward-shifted buffer due Oct. 16, 2020 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 return is zero or positive, the payout at maturity will be par plus 2.2 times the index return.
If the index falls by up to 10%, the payout will be par plus the index return.
If the index falls by more than 10% but not more than 50%, the payout will be 90% of par.
If the index falls by more than 50%, the payout will be 90% of par minus 1.8% for every 1% decline beyond 50%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped return enhanced notes with a downward-shifted buffer
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10 million
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| Maturity: | Oct. 16, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus 2.2 times the index return; if the index falls by up to 10%, par plus the index return; if the index falls by more than 10% but not more than 50%, 90% of par; if the index falls by more than 50%, 90% of par minus 1.8% for every 1% decline beyond 50%
|
| Initial index level: | 3,448.00
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| Pricing date: | April 13
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| Settlement date: | April 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 46647MRG0
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