By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – JPMorgan Chase Financial Co. LLC priced $2.92 million of 0% capped dual directional contingent buffered return enhanced notes due Dec. 7, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If both indexes gain, the payout at maturity will be par plus 1.5 times the gain of the lesser performing index, subject to a 57% maximum upside return.
If either index falls by up to the 33% contingent buffer, the payout will be par plus the absolute value of the lesser index return.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2,918,000
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| Maturity: | Dec. 7, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.5 times return of lesser-performing index up to 57% maximum return; if either index is flat or falls by up to 33%, par plus absolute value of lesser-performing index’s return; if either index falls by more than 33%, full exposure to decline of lesser-performing index
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| Initial levels: | 2,191.95 for S&P, 1,314.253 for Russell
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| Pricing date: | Dec. 2
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| Settlement date: | Dec. 9
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.9%
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| Cusip: | 46646QBN4
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