By Sarah Lizee
Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $17.68 million of 0% dual directional trigger participation securities due Dec. 4, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return, capped at par plus 9.65%.
If the index declines by 15% or less, the payout will be par plus the absolute value of the index return.
If the index declines by more than 15%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Dual directional trigger participation securities
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Underlying index: | S&P 500 index
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Amount: | $17,675,750
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Maturity: | Dec. 4, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the final index level is greater than the initial index level, par plus the index return, capped at par plus 9.65%; if the index declines by 15% or less, par plus the absolute value of the index return; if the index declines by more than 15%, 1% loss for every 1% that the index declines from its initial level
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Initial index level: | 2,711.74
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Trigger level: | 2,304.979, 85% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 48130V517
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