New York, July 19 – JPMorgan Chase Financial Co. LLC priced $292,000 of 0% digital dual directional buffered notes due July 19, 2021 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 closes at or above its initial level the payout at maturity will be par plus the contingent digital return of 34.5%.
If the lesser performing index declines but by no more than the 30% contingent buffer the payout will be par plus the absolute value of the return on the lesser performing index.
Otherwise the payout will be par less 1% for each 1% decline in the lesser performing index from its initial 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 buffered notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $292,000
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| Maturity: | July 19, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus 34.5%; if lesser performing index declines but by no more than the 30% contingent buffer, par plus absolute value of return on lesser performing index; otherwise, 1% loss for every 1% decline in lesser-performing index from initial level
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| Initial index levels: | 2,459.27 for S&P 500 and 1,428.817 for Russell 2000
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| Pricing date: | July 14
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| Settlement date: | July 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1 %
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| Cusip: | 46647MWV1
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