By Angela McDaniels
Tacoma, Wash., Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due Aug. 24, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price or is less than the initial share price by up to 20%, the payout at maturity will be par plus 7.3%.
If the final share price is less than the initial share price by more than 20%, investors will lose 1% for every 1% that the ETF declines from its initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1 million
|
| Maturity: | Aug. 24, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price or is less than initial share price by up to 20%, par plus 7.3%; if final share price is less than initial share price by more than 20%, 1% loss for every 1% that ETF declines from initial share price
|
| Initial share price: | $39.61 (closing price on Aug. 6)
|
| Final level: | Average of ETF’s closing share prices on five trading days ending Aug. 19, 2020
|
| Pricing date: | Aug. 7
|
| Settlement date: | Aug. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CZ48
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
