By Marisa Wong
Morgantown, W.Va., July 17 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% knock-out notes due April 12, 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.
If the index ends above its initial level but at or below the 110% knock-out level, the payout at maturity will be par plus 50% of the index return.
Otherwise the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Knock-out notes
|
| Underlying index: | S&P 500
|
| Amount: | $600,000
|
| Maturity: | April 12, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index ends above initial level but at or below 110% of initial level, par plus 50% of index return; otherwise, par
|
| Initial value: | 2,699.63
|
| Pricing date: | June 27
|
| Settlement date: | July 2
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48129M4N3
|
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