By Marisa Wong
Morgantown, W.Va., Aug. 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% barrier absolute return market-linked notes with daily barrier observation due Aug. 6, 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.
A barrier event will occur if the index closes above the upper barrier, 123.75% of the initial level, or below the lower barrier, 76.25% of the initial level, on any day during the life of the notes.
If a barrier event occurs, the payout at maturity will be par of $1,000 plus 2%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
Investors will receive at least par at maturity.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Barrier absolute return market-linked notes with daily barrier observation
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | Aug. 6, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 2%; otherwise, par plus the absolute value of the index return
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| Initial level: | 2,813.36
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| Upper barrier: | 3,481.53, 123.75% of initial level
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| Lower barrier: | 2,145.19, 76.25% of initial level
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 48130UNN1
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