By Susanna Moon
Chicago, May 29 – JPMorgan Chase Financial Co. LLC priced $3.3 million of 0% contingent buffered return enhanced notes due Nov. 21, 2019 linked to the lesser performing of the Hang Seng index and the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial, the payout at maturity will be par plus 1.75 times the gain of the worse performing asset.
If either asset falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index or fund.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped contingent buffered return enhanced notes
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| Underlying assets: | Hang Seng index and SPDR S&P Metals & Mining ETF
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| Amount: | $3.3 million
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| Maturity: | Nov. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 1.75 times return of worse performing asset; if either asset falls by up to 30%, par plus absolute return of worse performing asset; otherwise, 1% loss for each 1% decline of worse performing index or fund
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| Initial levels: | 31,047.91 for index and $37.82 for fund
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| Contingent buffer: | 40%
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| Pricing date: | May 18
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| Settlement date: | May 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48129MUL8
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