New York, July 23 – JPMorgan Chase Financial Co. LLC priced a further $36,360 of its 0% trigger jump securities due May 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 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 equal par of $10 plus the greater of the return and the upside payment of 75.25%.
If the index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
The original issue priced on April 28, 2017.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger jump securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $36,360 add on
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| Maturity: | May 4, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the return and 75.25%; par if index falls by up to 40%; otherwise, 1% loss for each 1% decline from the initial level
|
| Initial index level: | 3,559.59
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| Downside threshold: | 2,135.754, 60% of initial level
|
| Pricing date: | July 20
|
| Settlement date: | July 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48129F242
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