By Sarah Lizee
Olympia, Wash., Sept. 25 – JPMorgan Chase Financial Co. LLC priced $7.1 million of 0% capped dual directional contingent buffered equity notes due Oct. 9, 2019 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 positive, the payout at maturity will be par plus the index gain, capped at par plus 15%.
If the index falls by up to 16%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 16% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $7.1 million
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Maturity: | Oct. 9, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 15%; if index falls by up to 16%, par plus the absolute value of the index return; if index falls by more than the 16% contingent buffer, investors will be fully exposed to any losses
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Initial value: | 3,430.81
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Pricing date: | Sept. 21
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Settlement date: | Sept. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48130ULQ6
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