By Sarah Lizee
Olympia, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC priced $15.49 million of 0% digital notes due Feb. 28, 2020 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if either index closes below its trigger value, 70% of its initial value, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus the contingent digital return of 10.75%.
If a trigger event has occurred but each index finishes at or above its initial value, the payout will be par.
Otherwise, investors will be fully exposed to any decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Nasdaq-100 and S&P 500 index
|
| Amount: | $15,493,000
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If indexes never close below trigger level, par plus 10.75%; if either index ever closes below trigger level but each index finishes at or above its initial value, par; otherwise, full exposure to any decline of the worst performing index
|
| Initial levels: | 6,906.839 for Nasdaq-100 and 2,704.10 for S&P 500
|
| Trigger levels: | 4,834.7873 for Nasdaq-100 and 1,892.87 for S&P 500, 70% of initial levels
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.32493%
|
| Cusip: | 48130WQP9
|
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