By Wendy Van Sickle
Columbus, Ohio, March 14 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% contingent buffered notes due March 29, 2019 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final contract price is greater than or equal to the initial price or less than the initial price by up to 25%, the payout at maturity will be par plus the greater of the contract return and the contingent minimum return of 9.1%.
If the contract price falls by more than 25%, investors will be fully exposed to the decline.
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: | Contingent buffered notes
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| Underlying asset: | WTI crude oil futures contract
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| Amount: | $5 million
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| Maturity: | March 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final contract price is at least 75% of initial price, par plus greater of contract return and 9.1%; otherwise, 1% loss per 1% decline
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| Initial contract price: | $62.14
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 46647MQX4
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