By Sarah Lizee
Olympia, Wash., Feb. 5 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% digital dual directional notes due March 4, 2020 linked to the lesser performing of the Nasdaq-100 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 the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the digital return, 13.3%.
If the lesser-performing index falls by up to 20%, the payout will be par plus the absolute value of the return of the lesser-performing index. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
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: | Digital dual directional notes
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Underlying indexes: | Nasdaq-100, Russell 2000
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Amount: | $1.3 million
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Maturity: | March 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to its initial level, par plus 13.3%; if lesser-performing index falls by up to 20%, par plus the absolute value of the return of the lesser-performing index; otherwise, 1% loss for each 1% decline of the lesser-performing index
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Initial index levels: | 6,807.909 for Nasdaq and 1,486.942 for Russell 2000
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Pricing date: | Jan. 30
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Settlement date: | Feb. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48130WSN2
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