By Angela McDaniels
Tacoma, Wash., June 18 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital notes due July 17, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if any index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 10%.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of any index is less than its initial level, investors will be exposed to the decline of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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| Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | July 17, 2020
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| Coupon: | 0%
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| Price: | Par
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| Trigger event: | Any index closes below trigger value on any day during life of notes
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| Payout at maturity: | If trigger event has not occurred, par plus 10%; if trigger event has occurred and final level of each index is greater than or equal to initial level, par; if trigger event has occurred and final level of any index is less than initial level, exposure to decline of least-performing index
|
| Initial levels: | 1,522.499 for Russell 2000, 2,886.98 for S&P 500 and 3,379.19 for Euro Stoxx 50
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| Trigger values: | 1,065.7493 for Russell 2000, 2,020.886 for S&P 500 and 2,365.433 for Euro Stoxx 50, or 70% of initial levels
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| Pricing date: | June 14
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| Settlement date: | June 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132CVL4
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