By Sarah Lizee
Olympia, Wash., Sept. 20 – JPMorgan Chase Financial Co. LLC priced $4.01 million of 0% digital notes due Oct. 22, 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, 65% 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 7.75%.
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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital notes
|
| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $4.01 million
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| Maturity: | Oct. 22, 2020
|
| Coupon: | 0%
|
| Price: | Par
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| Trigger event: | Either index closes below trigger value on any day during the life of the notes
|
| Payout at maturity: | If trigger event has not occurred, par plus 7.75%; 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
|
| Initial levels: | 3,005.70 for S&P, 1,578.290 for Russell
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| Trigger values: | 1,953.705 for S&P, 1,025.8885 for Russell, 65% of initial levels
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| Pricing date: | Sept. 17
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| Settlement date: | Sept. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
|
| Cusip: | 48132FEU6
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