By Tali Rackner
Norfolk, Va., Aug. 4 – JPMorgan Chase Financial Co. LLC priced $1.47 million of dual directional contingent buffered return enhanced notes due July 31, 2019 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.28 times the gain of the worse performing index.
If either index falls but each index falls by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more than the 30%, investors will be fully exposed to any losses of the worse performing index.
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 contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1,473,000
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| Maturity: | July 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.28 times return of worse performing index; if either index falls by up to 30%, par plus absolute return of worse performing index; otherwise, full exposure to any losses of worse performing index
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| Initial levels: | 2,169.18 for S&P 500 and 1,216.859 for Russell 2000
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| Contingent buffer: | 32.5%
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 46646EMQ2
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