By Susanna Moon
Chicago, July 28 – JPMorgan Chase Financial Co. LLC priced $645,000 of 0% contingent buffered equity notes due July 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 35%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index falls by more than the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $645,000
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| Maturity: | July 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 35%; par if index falls by up to 25% and full exposure to any losses if index falls by more than contingent buffer
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| Initial level: | 2,169.18
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| Contingent buffer: | 25%
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.63527%
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| Cusip: | 46646EMH2
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