By Marisa Wong
Morgantown, W.Va., Feb. 4 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% capped dual directional buffered equity notes due Feb. 12, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the gain, capped at 7%.
If the index falls by up to 14.5%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 14.5%, investors will lose 1.16959% for every 1% decline beyond 14.5%.
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
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| Underlying index: | Russell 2000
|
| Amount: | $400,000
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| Maturity: | Feb. 12, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than the initial index level, par plus the gain, capped at 7%; if the index falls by up to 14.5%, par plus the absolute value of the index return; otherwise, 1.16959% for every 1% decline beyond 14.5%
|
| Initial level: | 1,482.853
|
| Final index level: | Average of index’s closing levels on five trading days ending Feb. 7, 2020
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130WTL5
|
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