By Sarah Lizee
Olympia, Wash., June 5 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 0% capped dual directional buffered equity notes due June 17, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the return of the index, subject to a maximum return of 7%.
If the index falls by up to the 12.6% buffer, the return will be par plus the absolute value of the return of the index.
If the index falls more than 12.6%, investors will lose 1.14416% for each 1% decline of the index beyond the 12.6% buffer.
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: | Capped dual directional buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,725,000
|
| Maturity: | June 17, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus index return, subject to cap of 7%; if index declines by no more than 12.6%, par plus absolute value of index return; otherwise, investors will lose 1.14416% for each 1% decline beyond 12.6% buffer
|
| Initial level: | 2,752.06
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CRZ8
|
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