By Susanna Moon
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $863,000 of 0% buffered digital notes due June 30, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 90% threshold level, the payout at maturity will be par plus the digital percentage of 9.5%.
Otherwise, investors will be exposed to any losses beyond the 10% 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: | Buffered digital notes
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Underlying asset: | S&P 500 index
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Amount: | $863,000
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Maturity: | June 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 10%, par plus 9.5%; otherwise, 1% loss per 1% decline beyond 10%
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Initial level: | 2,723.06
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Pricing date: | June 26
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Settlement date: | June 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.92%
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Cusip: | 48129MWD4
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