By Tali Rackner
Minneapolis, April 16 – JPMorgan Chase Financial Co. LLC priced $408,000 of 0% capped dual directional buffered equity notes due April 9, 2020 linked to the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be the return of the lesser-performing asset up to a 55% maximum upside return.
If either asset falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing asset beyond the buffer.
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 buffered equity notes
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| Underlying assets: | S&P 500 index and iShares MSCI EAFE ETF
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| Amount: | $408,000
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| Maturity: | April 9, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus return of lesser-performing asset, up to 55% maximum upside return; if either asset falls but by no more than 15% buffer, par plus absolute value of return of lesser-performing asset; if either asset falls by more than 15%, investors will lose 1% for each 1% decline of the lesser-performing asset beyond buffer
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| Initial levels: | 2,604.47 for S&P and $69.40 for ETF
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| Pricing date: | April 6
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| Settlement date: | April 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48129MEH5
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