By Sarah Lizee
Olympia, Wash., April 29 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% digital notes due July 31, 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.
A trigger event occurs if either index closes below its trigger value, 70% 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 7.75%.
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.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Nasdaq-100 and Russell 2000
|
| Amount: | $1,224,000
|
| Maturity: | July 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If indexes never close below trigger level, par plus 7.75%; if either index ever closes below trigger level but each index finishes at or above its initial value, par; otherwise, full exposure to any decline of the worst performing index
|
| Initial levels: | 7,816.919 for Nasdaq-100 and 1,575.612 for Russell
|
| Trigger levels: | 5,471.8433 for Nasdaq-100 and 1,102.9284 for Russell, 70% of initial levels
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.99704%
|
| Cusip: | 48130WX48
|
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