New Issue: JPMorgan sells $9.85 million digital dual directional notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $9.85 million of 0% digital dual directional contingent buffered notes due Feb. 27, 2019 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 final index level is at least 90% of the initial index level, the payout at maturity will be par plus 9.25%. Otherwise, investors will have one-to-one exposure to the index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying index:	S&P 500
Amount:	$9,845,000
Maturity:	Feb. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 90% of initial index level, par plus 9.25%; otherwise, one-to-one exposure to index’s decline from initial level
Initial index level:	2,619.55
Final index level:	Average of index’s closing levels on five trading days ending Feb. 22, 2019
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48129H6G7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.