By Sarah Lizee
Olympia, Wash., July 5 – JPMorgan Chase Financial Co. LLC priced $106.64 million of 0% equity-linked partial principal at risk securities due July 6, 2020 linked to the MSCI Europe 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 120% of any index gain.
If the index falls, the payout will be par plus the return, with a minimum payout of $9.50 per $10 of notes.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | MSCI Europe index
|
| Amount: | $106,636,130
|
| Maturity: | July 6, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 120% of any index gain; if index falls, par plus the return, with minimum payout of $9.50 per $10 of notes
|
| Initial index level: | 128.08
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48129N690
|
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