By Susanna Moon
Chicago, Aug. 19 – JPMorgan Chase Financial Co. LLC priced $6.85 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 20.3%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC s is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $6,853,100
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| Maturity: | March 5, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any index gain, capped at 20.3%; par if index falls by up to 10%; exposure to any losses beyond 10%
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| Initial level: | 2,182.22
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | J.P. Morgan Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 46646X803
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