By Wendy Van Sickle
Columbus, Ohio, June 21 – JPMorgan Chase Financial Co. LLC priced $2.28 million of 0% digital notes due July 23, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if either index closes below its trigger value, 60% of its initial level, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 5.5%.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of either index is less than its initial level, investors will be exposed to the decline of the lesser-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000
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Amount: | $2,281,000
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Maturity: | July 23, 2020
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Coupon: | 0%
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Price: | Par
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Trigger event: | Either index closes below trigger value on any day during life of notes
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Payout at maturity: | If trigger event has not occurred, par plus 5.5%; if trigger event has occurred and final level of each index is greater than or equal to initial level, par; if trigger event has occurred and final level of either index is less than initial level, exposure to decline of lesser-performing index
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Initial levels: | 3,454.7 for Euro Stoxx 50 and 1,555.579 for Russell 2000
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Trigger values: | 2,072.82 for Euro Stoxx 50 and 933.3474 for Russell 2000, or 60% of initial levels
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132CVD2
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