By Sarah Lizee
Olympia, Wash., Feb. 25 – JPMorgan Chase Financial Co. LLC priced $200,000 of 0% capped dual directional buffered equity notes due March 11, 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 index finishes at or 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 13.75%, the payout will be par plus the absolute value of the return.
If the index falls by more than the buffer, investors will lose 1.15942% for every 1% decline beyond 13.75%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $200,000
|
| Maturity: | March 11, 2020
|
| 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 13.75%; 1.15942% loss for every 1% decline beyond 13.75%
|
| Initial level: | 2,774.88
|
| Buffer level: | 13.75%
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130W2X8
|
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