By Susanna Moon
Chicago, May 30 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% dual directional buffered equity notes due May 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus the gain up to a maximum payment of $1,150 per $1,000 principal amount.
If the asset falls by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped dual directional buffered equity notes
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Underlying index: | S&P 500
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Amount: | $1.3 million
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If asset gains, par plus return capped at par plus 15%; if asset falls by up to 15%, par plus absolute return; otherwise, 1% loss for each 1% decline beyond 15%
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Initial level: | 2,733.01
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Pricing date: | May 21
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Settlement date: | May 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48129MUQ7
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