By Sarah Lizee
Olympia, Wash., Oct. 4 – JPMorgan Chase Financial Co. LLC priced $5.4 million of 0% absolute return trigger market-linked notes due Oct. 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 80% of the initial underlier level or increases above the upper barrier of 120% of the initial underlier level.
If a barrier event has not occurred, the payout at maturity will be par plus the absolute value of the index return, up to a maximum settlement amount of $1,200 per $1,000 of notes.
If a barrier event has occurred, the payout will be $1,020 per $1,000 principal amount.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Absolute return trigger market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $5.4 million
|
| Maturity: | Oct. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index stays within a barrier range, par plus the absolute value of the index return, capped at $1,200 per $1,000 of notes; otherwise, $1,020 per $1,000 principal amount
|
| Initial index level: | 2,924.59
|
| Lower barrier: | 80% of initial level
|
| Upper barrier: | 120% of initial level
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 9
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1.73%
|
| Cusip: | 48130UNY7
|
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