By Susanna Moon
Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% uncapped dual directional contingent buffered equity notes due Jan. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain.
If the index never closes down by more than its 22.85% contingent buffer during the life of the notes, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | Uncapped dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $1,454,000
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| Maturity: | Jan. 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 return; if index never falls by more than contingent buffer, par plus absolute return; if index falls by more than 22.85%, full exposure to any losses
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| Initial value: | 2,872.87
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| Contingent buffer: | 22.85%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48129HP92
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