By Sarah Lizee
Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% contingent buffered digital notes due Oct. 22, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to 75% of its initial value, the payout at maturity will be par plus 13.35%.
If either asset falls by more than 25%, investors will be fully exposed to the lesser-performing asset’s decline from its initial value.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
|
| Underlying assets: | Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF
|
| Amount: | $850,000
|
| Maturity: | Oct. 22, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final value of each asset is greater than or equal to 75% of its initial value, par plus 13.35%; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
|
| Initial values: | 3,499.23 for index and $44.56 for ETF
|
| Pricing date: | April 18
|
| Settlement date: | April 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130WQ20
|
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