By Wendy Van Sickle
Columbus, Ohio, July 23 – JPMorgan Chase Financial Co. LLC priced $497,000 of 0% capped dual directional contingent buffered equity notes due Aug. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above the initial level, the payout at maturity will be par plus the index return up to a maximum upside return of 7%.
If the index falls by up to 17.25%, the payout will be par plus the absolute value of the return.
If the index falls by more than the buffer, investors will lose 1% for every 1% decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $497,000
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| Maturity: | Aug. 5, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 7%; par plus absolute value of return if index falls by up to 17.25%; 1% loss for every 1% decline
|
| Initial level: | 3,480.18
|
| Final level: | Average of index closing levels on five trading days ending July 31, 2020
|
| Pricing date: | July 18
|
| Settlement date: | July 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132C5P4
|
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