By Marisa Wong
Morgantown, W.Va., April 2 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% capped dual directional buffered equity notes due April 1, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above the initial level, the payout at maturity will be par plus the index return up to a maximum upside return of 5%.
If the index falls by up to 15.6%, the payout will be par plus the absolute value of the return.
If the index falls by more than the buffer, investors will lose 1.18483% for every 1% decline beyond 15.6%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.55 million
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| Maturity: | April 1, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 5%; par plus absolute value of return if index falls by up to 15.6%; 1.18483% loss for every 1% decline beyond 15.6%
|
| Initial level: | 3,386.08
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| Final level: | Average of index closing levels on five trading days ending March 27, 2020
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| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48130WJ28
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