By Sarah Lizee
Olympia, Wash., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $5.56 million of 0% digital equity notes due April 22, 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 return is at least negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,114.80 per $1,000 of notes.
Otherwise, investors will lose 1.1429% for each 1% decline in the index beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $5.56 million
|
| Maturity: | April 22, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is at least negative 12.5%, $1,114.80 per $1,000 of notes; otherwise, 1.1429% loss for each 1% decline in the index beyond 12.5%
|
| Initial level: | 2,740.37
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UM93
|
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