By Sarah Lizee
Olympia, Wash., June 17 – JPMorgan Chase Financial Co. LLC priced $280,000 of 0% contingent digital buffered notes due Sept. 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be 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 15%, the payout at maturity will be par plus 6%.
If the final index level is less than the initial index level by more than 15%, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $280,000
|
| Maturity: | Sept. 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 85% of initial level, par plus 6%; otherwise, 1.17647% loss for each 1% loss beyond 15%
|
| Initial level: | 2,886.98
|
| Final price: | Average of closing share prices on five trading days ending Sept. 11, 2020
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.12%
|
| Cusip: | 48132CUY7
|
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