By Wendy Van Sickle
Columbus, Ohio, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $3.65 million of 0% Performance Leveraged Upside Securities due April 3, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus triple the gain, capped at $11.72 per $10 PLUS.
Investors will be exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,645,690
|
| Maturity: | April 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at $11.72 per $10 PLUS; 1% loss for each 1% decline
|
| Initial level: | 2,599.95
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 48130V228
|
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