By Angela McDaniels
Tacoma, Wash., July 3 – JPMorgan Chase & Co. priced $35.74 million of 0% return notes due July 5, 2019 linked to the S&P GSCI Brent Crude Oil Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be a cash amount equal to the indicative note price as of July 1, 2019.
The indicative note price was $1,000 on the pricing date. On each subsequent business day, it equals (a) the indicative note price on the preceding business day multiplied by the index factor – the index’s closing level on that day divided by its closing level on the preceding business day – minus (b) the investor fee as of that day.
The investor fee equals (a) the indicative note price on the preceding business day multiplied by (b) 0.65% multiplied by (c) (i) the number of calendar days from and including the immediately preceding business day to and excluding the current business day divided by (ii) 360.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying index: | S&P GSCI Brent Crude Oil Index Total Return
|
| Amount: | $35,742,000
|
| Maturity: | July 5, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Cash amount equal to indicative note price as of July 1, 2019
|
| Initial index level: | 1,298.963
|
| Pricing date: | July 1
|
| Settlement date: | July 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126N7C5
|
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