By Sarah Lizee
Olympia, Wash., Feb. 12 – JPMorgan Chase Financial Co. LLC priced $4.02 million of 0% buffered Performance Leveraged Upside Securities due Feb. 11, 2021 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 150% of any index gain up to a maximum payout of $11.225 per $10.00 PLUS.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | MSCI World index
|
| Amount: | $4,016,000
|
| Maturity: | Feb. 11, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at $11.225 per $10.00 PLUS; par if index declines by up to 25%; 1% loss per 1% decline beyond 25%
|
| Initial value: | 2,020.53
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agents: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 48130X752
|
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