By Susanna Moon
Chicago, March 4 – JPMorgan Chase Financial Co. LLC priced $12.99 million 0% dual directional buffered participation securities due Sept. 2, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain up to a maximum payment of $11.40 per $10.00 principal amount.
If the index falls by up to 8.75%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be exposed to any losses beyond the 8.75% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Dual directional buffered participation securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $12,990,880
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| Maturity: | Sept. 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus return up to 14% cap; if index falls by up to 8.75%, par plus absolute return; otherwise, 1% loss per 1% decline beyond 8.75%
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| Initial level: | 25,916
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| Pricing date: | Feb. 28
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48130X554
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