By Wendy Van Sickle
Columbus, Ohio, Aug.12 – JPMorgan Chase Financial Co. LLC priced $20,000 of 0% capped dual directional contingent buffered equity notes due Aug. 26, 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 return is positive, the payout at maturity will be par plus 1.25 times the index gain, subject to a maximum return of 7%.
If the index falls by up to 18.4%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 18.4% contingent buffer, investors will be fully exposed to any losses.
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 dual directional contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $20,000
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| Maturity: | Aug. 26, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain, subject to a maximum return of 7%; if index falls by up to 18.4%, par plus the absolute value of the index return; if index falls by more than the 18.4% contingent buffer, investors will be fully exposed to any losses
|
| Initial value: | 3,333.74
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| Final level: | Average of ending levels on five trading days ending Aug. 21, 2020
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132CY49
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