By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – JPMorgan Chase Financial Co. LLC priced $1.79 million of 0% step securities due Sept. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 14.5%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Step securities
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| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,785,000
|
| Maturity: | Sept. 28, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 14.5% and return; full exposure to losses
|
| Initial value: | 3,493.14
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48129G562
|
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