By Sarah Lizee
Olympia, Wash., Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.92 million of 0% capped dual directional buffered equity notes due Sept. 30, 2020 linked to the Russell 2000 index and the S&P 500 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 the initial level, the payout at maturity will be the return of the lesser performing index up to a 25% maximum return.
If either index falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond the buffer.
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: | Capped dual directional buffered equity notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1,922,000
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Maturity: | Sept. 30, 2020
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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 return of lesser-performing index, up to 25% maximum return; if either index falls but by no more than 15% buffer, par plus absolute value of return of lesser-performing index; if either index falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing index beyond buffer
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Initial levels: | 2,913.98 for S&P, 1,696.571 for Russell
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.49511%
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Cusip: | 48130UGZ2
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