By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $4.16 million of 0% digital dual directional contingent buffered notes due July 29, 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 final index level is greater than or equal to the initial index level or is less than the initial index level by up to 17.25%, the payout at maturity will be par plus 8%.
If the final index level is less than the initial index level by more than 17.25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
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: | Digital dual directional contingent buffered notes
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| Underlying index: | S&P 500
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| Amount: | $4.16 million
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| Maturity: | July 29, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level or is less than initial index level by up to 15%, par plus 8%; if final index level is less than initial index level by more than 17.25%, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 2,939.88
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| Final index level: | Average of index’s closing levels on five trading days ending July 24, 2020
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| Pricing date: | April 26
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| Settlement date: | May 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132CDJ9
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