By Angela McDaniels
Tacoma, Wash., June 18 – JPMorgan Chase Financial Co. LLC priced $740,000 of 0% digital dual directional contingent buffered notes due Sept. 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
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 17.6%, the payout at maturity will be par plus 8%.
If the final index level is less than the initial index level by more than 17.6%, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Digital dual directional contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $740,000
|
| Maturity: | Sept. 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| 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 17.6%, par plus 8%; if final index level is less than initial index level by more than 17.6%, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 2,886.98
|
| Final level: | Average of index’s closing levels 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: | 48132CUX9
|
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