By Marisa Wong
Morgantown, W.Va., Aug. 6 – JPMorgan Chase Financial Co. LLC priced $1,997,000 of 0% capped dual directional buffered equity notes due July 31, 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus the gain of the worse performing index, capped at 26%.
If the worse performing index falls by up to 15%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $1,997,000
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| Maturity: | July 31, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus the gain of the worse performing index, capped at 26%; if the worse performing index falls by up to 15%, par plus the absolute value of that index’s return; otherwise, 1% loss for each 1% decline of the worse performing index beyond 15%
|
| Initial levels: | 1,670.805 for Russell and 2,816.29 for S&P
|
| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.46039%
|
| Cusip: | 48129MF50
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