By Marisa Wong
Morgantown, W.Va., April 5 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped contingent buffered return enhanced notes due April 9, 2019 tied to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the stock finishes above its strike price, the payout at maturity will be par plus 1.2 times the gain, up to a maximum return of 26.7%.
If the stock falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline below the strike price.
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 contingent buffered return enhanced notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $1 million
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| Maturity: | April 9, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.2 times any share price gain, up to a maximum return of 26.7%; par if stock falls by up to 15%; otherwise, 1% loss for each 1% decline below the strike price
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| Strike price: | $159.39
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| Final price: | Average of closing share prices on five trading days ending April 4, 2019
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| Strike date: | March 23
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| Pricing date: | March 26
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| Settlement date: | March 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MFW1
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