By Sarah Lizee
Olympia, Wash., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% digital dual directional contingent buffered notes due May 20, 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 80.25% of the initial level, the payout at maturity will be par plus the digital return of 8%.
If the index falls by more than the 19.75% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.56 million
|
| Maturity: | May 20, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above contingent buffer, par plus 8%; otherwise, full exposure to any losses
|
| Initial level: | 2,775.60
|
| Contingent buffer: | 19.75%
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.12%
|
| Cusip: | 48130WZS3
|
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