By Wendy Van Sickle
Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% digital dual directional contingent buffered notes due July 27, 2020 linked to Wynn Resorts, Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 38% contingent buffer, the payout will be par plus 12.15%.
Otherwise, investors will be fully exposed to any losses.
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: | Digital dual directional contingent buffered notes
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| Underlying stock: | Wynn Resorts, Ltd.
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| Amount: | $1.5 million
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| Maturity: | July 27, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or falls by up to 38%, par plus 12.15%; otherwise, 1% loss for each 1% decline
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| Initial level: | $133.73
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| Contingent buffer: | 38%
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| Pricing date: | July 10
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| Settlement date: | July 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132C4T7
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