New Issue: JPMorgan sells $505,000 digital dual directional buffered notes on S&P 500

By Sarah Lizee

Olympia, Wash., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $505,000 of 0% digital dual directional buffered notes due May 20, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than 85% of its initial level, the payout will be par plus 6.8%.

Otherwise, investors will lose 1.17647% for every 1% decline of the index beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional buffered notes
Underlying index:	S&P 500 index
Amount:	$505,000
Maturity:	May 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than 85% of its initial level, par plus 6.8%; otherwise, 1.17647% loss for every 1% decline of the index beyond 15%
Initial level:	2,775.60
Final index level:	Average of index’s closing levels on five trading days ending May 15, 2020
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Agent:	J.P. Morgan Securities LLC
Fees:	1.12%
Cusip:	48130WZU8

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