By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.67 million of 0% dual directional contingent buffered return enhanced notes due Aug. 5, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worse performing index.
If the worse performing index falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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.
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| Issue: | Dual directional contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,668,000
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| Maturity: | Aug. 5, 2020
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.1 times the gain of the worse performing index; if worse performing index falls by up to 30%, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 1,425.144 for Russell, 2,470.30 for S&P
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
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| Cusip: | 46647MUG6
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