By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $715,000 0% dual directional knock-out notes due July 31, 2020 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 never closes below the 81.25% knock-out level during the life of the notes, the payout at maturity will be par plus the absolute value of the final index return.
Otherwise, investors will receive par plus 2%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional knock-out notes
|
| Underlying index: | S&P 500
|
| Amount: | $715,000
|
| Maturity: | July 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never closes below 81.25% knock-out level during life of notes par plus the absolute value of final index return; otherwise, par plus 2%
|
| Initial value: | 2,643.85
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48130WST9
|
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