By Wendy Van Sickle
Columbus, Ohio, Aug. 12 – JPMorgan Chase Financial Co. LLC priced $40,000 of 0% digital dual directional contingent buffered notes due Aug. 26, 2020 linked to Petroleo Brasileiro SA shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 36.85% contingent buffer, the payout will be par plus 10%.
Otherwise, investors will be fully exposed to any losses.
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: | Digital dual directional contingent buffered notes
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| Underlying stock: | Petroleo Brasileiro SA
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| Amount: | $40,000
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| Maturity: | Aug. 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or falls by up to 36.85%, par plus 10%; otherwise, 1% loss for each 1% decline
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| Initial level: | $14.21
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| Contingent buffer: | 36.85%
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| Final level: | Average of ending levels on five trading days ending Aug. 21, 2020
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132CY56
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