By Susanna Moon
Chicago, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $2.28 million of 0% dual directional notes due Feb. 21, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 89% threshold, the payout at maturity will be par plus the digital return of 8%.
Otherwise, investors will lose 1.1236% for each 1% decline beyond 11%.
The notes are guaranteed by JPMorgan Chase & Co.
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 equity notes
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| Underlying fund: | SPDR S&P Regional Banking ETF
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| Amount: | $2,275,000
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| Maturity: | Feb. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains or falls by up to 11%, par plus 8%; if fund falls by more than 11%, 1.1236% loss per 1% decline beyond 11%
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| Initial level: | $62.64
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| Contingent buffer: | 11%
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129HZT7
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