By Susanna Moon
Chicago, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $9.96 million of 0% buffered participation securities due Aug. 5, 2019 linked to a basket of indexes, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the Topix index with a 25% weight.
The payout at maturity will be par plus any basket gain, up to a maximum return of 13.2%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Company LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered participation securities
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| Underlying basket: | S&P 500 index (50% weight), Euro Stoxx 50 index (25% weight) and the Topix index (25% weight)
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| Amount: | $9,964,000
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| Maturity: | Aug. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain, capped at 13.2%; par if basket falls by up to 10%; 1% loss per 1% decline beyond 10%
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| Initial index levels: | 3,609.29 for Stoxx, 1,836.71 for Topix and 2,823.81 for S&P
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48129K217
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