By Angela McDaniels
Tacoma, Wash., April 30 – JPMorgan Chase Financial Co. LLC priced $2.05 million of 0% digital dual directional contingent buffered notes due May 14, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 15%, the payout at maturity will be par plus 6.75%.
If the final index level is less than the initial index level by more than 15%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
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: | Digital dual directional contingent buffered notes
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Underlying index: | S&P 500
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Amount: | $2.05 million
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Maturity: | May 14, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level or is less than initial index level by up to 15%, par plus 6.75%; if final index level is less than initial index level by more than 15%, 1% loss for every 1% that final index level is less than initial index level
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Initial index level: | 2,939.88
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Final index level: | Average of index’s closing levels on five trading days ending May 11, 2020
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Pricing date: | April 26
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Settlement date: | May 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132CDU4
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