By Sarah Lizee
Olympia, Wash., July 12 – JPMorgan Chase Financial Co. LLC priced $3.04 million of 0% contingent buffered digital notes due Aug. 15, 2019 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level or falls by up to 30%, the payout at maturity will be par plus the contingent digital return of 6.25%.
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.
|
| Issue: | Contingent buffered digital notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $3,038,000
|
| Maturity: | Aug. 15, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level or falls by up to 30%, par plus 6.25%; otherwise, 1% loss per 1% drop of worse performing index
|
| Initial index levels: | 2,793.84 for S&P 500 and 1,695.618 for Russell 2000
|
| Pricing date: | July 10
|
| Settlement date: | July 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129M5D4
|
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