By Marisa Wong
Morgantown, W.Va., Feb. 6 – JPMorgan Chase Financial Co. LLC priced $11.38 million of 0% Performance Leveraged Upside Securities due May 3, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus double any fund gain, up to a maximum payout of $12.00 per PLUS.
Investors will be fully exposed to any fund decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $11,384,360
|
| Maturity: | May 3, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any fund gain, capped at 20%; full exposure to losses
|
| Initial price: | $23.31
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 48128P290
|
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