By Toni Weeks
San Luis Obispo, Calif., June 23 – JPMorgan Chase & Co. priced $510,000 of uncapped contingent buffered equity notes due June 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the greater of any index gain and 30%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls by more than the 30% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $510,000
|
| Maturity: | June 24, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the greater of any index gain and 30%; par if the index falls by up to 30%; full exposure to any losses if index falls by more than 30%
|
| Initial index level: | 2,109.99
|
| Contingent buffer: | 30% of initial level
|
| Pricing date: | June 19
|
| Settlement date: | June 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.9%
|
| Cusip: | 48125UXF4
|
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