By Sarah Lizee
Olympia, Wash., Nov. 1 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% digital notes due Nov. 21, 2019 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its trigger value, 60% of its initial value, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus the contingent digital return of 6.35%.
If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.
Otherwise, investors will be fully exposed to any decline of the worst performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $1,248,000
|
| Maturity: | Nov. 21, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index closes at or above trigger value on every day during life of notes, par plus 6.35%; if either index closes below its trigger value on any day during life of notes but each index finishes at or above initial value, par; otherwise, 1% loss for each 1% decline of worst performing index
|
| Initial value: | 1,506.637 for Russell and 2,682.63 for S&P
|
| Trigger value: | 903.9822 for Russell and 1,609.578 for S&P, 60% of initial value
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UK95
|
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