By Susanna Moon
Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $7.46 million of 0% digital buffered equity notes due Sept. 2, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is at least zero, the payout at maturity will be the greater of the par plus the gain and the threshold settlement amount of $1,297.50 for each $1,000 principal amount.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
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: | Digital buffered equity notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $7,459,000
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| Maturity: | Sept. 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains, par plus greater of return and 39.75%; par if index falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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| Initial level: | 3,536.52
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| Pricing date: | April 30
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| Settlement date: | May 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.07%
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| Cusip: | 48129MB47
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