By Susanna Moon
Chicago, May 29 – JPMorgan Chase Financial Co. LLC priced $5.5 million of 0% digital contingent buffered notes due July 22, 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 price of crude finishes at or above its 65% threshold, the payout at maturity will be par plus the contingent digital return of 10.8%.
If crude falls by more than the contingent buffer, investors will be fully exposed to any losses.
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: | Digital contingent buffered notes
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| Underlying asset: | WTI crude oil futures contract
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| Amount: | $5.5 million
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| Maturity: | July 22, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains or falls by 35%, par plus 10.8%; if asset falls by more than 35%, 1% loss per 1% decline
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| Initial contract price: | $72.24
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| Threshold level: | 65% of initial level
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| Pricing date: | May 21
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| Settlement date: | May 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46647MRV7
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