By Angela McDaniels
Tacoma, Wash., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $3.95 million of 0% buffered Performance Leveraged Upside Securities due Jan. 3, 2019 linked to the Dow Jones industrial average, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par of $10 plus 105% of the index return. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $3,945,190
|
| Maturity: | Jan. 3, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 105% of index return; par if index drops 5% or less; 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 19,843.41
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48128P530
|
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