By Kiku Steinfeld
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $925,000 of 0% digital dual directional contingent buffered notes due Aug. 5, 2020 linked to Wynn Resorts, Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 30.15% contingent buffer, the payout will be par plus 15%.
Otherwise, 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.
|
| Issue: | Digital dual directional contingent buffered notes
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| Underlying stock: | Wynn Resorts, Ltd.
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| Amount: | $925,000
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| Maturity: | Aug. 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or falls by up to 30.15%, par plus 15%; otherwise, 1% loss for each 1% decline
|
| Initial level: | $134.65
|
| Contingent buffer: | 30.15%
|
| Pricing date: | July 19
|
| Settlement date: | July 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132C5J8
|
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