By Wendy Van Sickle
Columbus, Ohio, July 19 – JPMorgan Chase Financial Co. LLC priced $2.81 million of 0% contingent buffered digital notes due July 31, 2019 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above 70% of its initial level on each day of the monitoring period, the payout at maturity will be par plus the contingent digital return of 7.5%.
Otherwise, investors will receive par if each index finishes at or above its initial level and will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2,806,000
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| Maturity: | July 31, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index closes at or above 70% of initial level on each day of monitoring period, par plus 7.5%; otherwise, par if final level of each index is above initial level or 1% loss per 1% drop of worse performing index
|
| Initial index levels: | 2,718.37 for S&P 500 and 1,643.069 for Russell 2000
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.29018%
|
| Cusip: | 48129MXP6
|
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