By Wendy Van Sickle
Columbus, Ohio, April 14 – JPMorgan Chase Financial Co. LLC priced $700,000 of 0% capped buffered equity notes due July 10, 2020 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return, capped at 6.75%.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 15% or if the final level of each index is less than its initial level by up to 15%, the payout will be par.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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: | Capped buffered equity notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
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| Amount: | $700,000
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| Maturity: | July 10, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus lesser-performing index’s return, capped at 6.75%; if lesser-performing index falls by up to 15%, par; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
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| Initial levels: | 22,653.86 for Dow, 2,659.41 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | April 7
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| Settlement date: | April 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.55%
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| Cusip: | 48132KRS6
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