By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent buffered digital notes due April 23, 2020 linked to the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each ETF is at least 70% of its initial value, the payout at maturity will be par plus 16%.
If either ETF falls by more than 30%, investors will be fully exposed to the least-performing ETF’s decline from its initial value.
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: | Contingent buffered digital notes
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Underlying ETFs: | SPDR S&P Biotech ETF and SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $500,000
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Maturity: | April 23, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final value of each ETF is greater than or equal to 70% of its initial value, par plus 16%; otherwise, investors will be fully exposed to the least-performing ETF’s decline from its initial value
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Initial values: | $40.00 for oil and gas ETF and $85.42 for biotech ETF
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Pricing date: | Oct. 19
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Settlement date: | Oct. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48130U7C3
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