By Angela McDaniels
Tacoma, Wash., July 30 – JPMorgan Chase & Co. priced $43,000 of 0% capped dual directional contingent buffered return enhanced notes due July 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.1 times the index return, subject to a maximum return of 50%.
If the final index level is equal to the initial level or less than the initial level by up to 32.5%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial level by more than 32.5%, investors will lose 1% for every 1% that the index’s final level is less than its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $43,000
|
| Maturity: | July 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 1.1 times index return, subject to 50% maximum return; if final index level is equal to initial level or less than initial level by up to 32.5%, par plus absolute value of index return; if final index level is less than initial level by more than 32.5%, 1% loss for every 1% that index’s final level is less than initial level
|
| Initial index level: | 2,093.25
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48125UYS5
|
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