By Susanna Moon
Chicago, Dec. 29 – JPMorgan Chase Financial Co. LLC priced $2.47 million of 0% digital notes due July 25, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 87.5% threshold, the payout at maturity will be par plus the threshold settlement of $1,097 for each $1,000 principal amount.
Otherwise, investors will lose 1.1429% for each 1% decline of the worse performing index beyond 12.5%.
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: | Digital notes
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| Underlying index: | MSCI EAFE
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| Amount: | $2,465,000
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| Maturity: | July 25, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its 87.5% threshold, par plus 9.7%; otherwise, 1.1429% loss per 1% drop of worse performing index beyond 12.5%
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| Initial level: | 2,028.64
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| Barrier threshold: | 87.5% of initial level
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129HVW4
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