By Marisa Wong
Morgantown, W.Va., Sept. 6 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% dual directional contingent buffered return enhanced notes due Aug. 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus 1.35 times the index gain.
If the index falls by up to the 14% contingent buffer, the payout will be par plus the absolute value of the return.
If the index falls by more 14%, 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: | Dual directional contingent buffered notes
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| Underlying index: | S&P 500
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| Amount: | $600,000
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| Maturity: | Aug. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above the initial level, par plus 1.35 times the index gain; if the index falls by up to the 14% contingent buffer, par plus the absolute value of the return; if the index falls by more 14%, investors will be fully exposed to any losses
|
| Initial index level: | 2,169.04
|
| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.875%
|
| Cusip: | 46646EVY5
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