By Sarah Lizee
Olympia, Wash., Sept. 17 – JPMorgan Chase Financial Co. LLC priced $486,000 of 0% digital notes due Oct. 16, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing 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, 70% of its initial level, any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 8.35%.
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 either index is less than its initial level, investors will be exposed to the 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 notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $486,000
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Maturity: | Oct. 16, 2020
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Coupon: | 0%
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Price: | Par
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Trigger event: | Either index closes below trigger value on any day during the life of the notes
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Payout at maturity: | If trigger event has not occurred, par plus 8.35%; 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 either index is less than initial level, exposure to decline of lesser-performing index
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Initial levels: | 3,007.39 for S&P, 1,578.138 for Russell
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Trigger values: | 2,105.173 for S&P, 1,104.6966 for Russell, 70% of initial levels
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Pricing date: | Sept. 13
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Settlement date: | Sept. 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48132FCZ7
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