By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – JPMorgan Chase Financial Co. LLCpriced $3.18 million of 0% enhanced trigger jump securities due April 16, 2020 linked to WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the percent change in the price of oil is greater than negative 25%, the payout at maturity will be par plus 14.1%.
If the percent change in the price of oil is less than or equal to negative 25%, investors will lose 1% for every 1% that the final oil price is less than the initial price.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Enhanced trigger jump securities
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| Underlying commodity: | WTI Crude Oil Futures Contract
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| Amount: | $3,184,000
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| Maturity: | April 16, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If percent change in oil price is greater than negative 25%, par plus 14.1%; otherwise, full exposure to losses from initial oil price
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| Initial price: | $71.34
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| Downside threshold: | $53.505, 75% of initial level
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| Pricing date: | Oct. 12
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| Settlement date: | Oct. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48130UPD1
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