By Sarah Lizee
Olympia, Wash., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital notes due Nov. 4, 2020 linked to the lesser performing of the S&P 500 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 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 9.1%.
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.
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.
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| Issue: | Digital notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1 million
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| Maturity: | Nov. 4, 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 life of notes
|
| Payout at maturity: | If trigger event has not occurred, par plus 9.1%; 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: | 1,523.373 for Russell and 2,976.74 for S&P
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| Trigger values: | 1,066.3611 for Russell and 2,083.718 for S&P, or 70% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132FTV8
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