Chicago, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $1.66 million of 0% digital contingent buffered notes due Oct. 15, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 15%, the payout at maturity will be par plus 7.66%.
Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,660,000
|
| Maturity: | Oct. 15, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level is greater than or equal to initial level or is less than initial level by up to 15%, par plus 7.66%; if final level is less than initial level by more than 15%, 1% loss for every 1% that final index level is less than initial index level
|
| Initial level: | 2,961.79
|
| Final index level: | Average of index’s closing levels on five trading days ending Oct. 9, 2020
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132FNQ5
|
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