By Wendy Van Sickle
Columbus, Ohio, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $3.16 million of 0% trigger Performance Leveraged Upside Securities due Oct. 22, 2020 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the ETF return, subject to a maximum return of 35.75%.
If the final share price is less than or equal to the initial share price but greater than or equal to the trigger share price, the payout will be par. The trigger share price is 80% of the initial share price.
If the final share price is less than the trigger share price, investors will be fully exposed to the ETF’s decline from the initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $3,162,000
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| Maturity: | Oct. 22, 2020
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If final share price is greater than initial share price, par plus 150% of ETF return, subject to 35.75% maximum return; if final share price is less than or equal to initial share price but greater than or equal to trigger share price, par; if final share price is less than trigger share price, full exposure to ETF’s decline from initial share price
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| Initial share price: | $20.00
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| Trigger level: | $16.00, 80% of initial share price
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 23
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 48130V665
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