By Wendy Van Sickle
Columbus, Ohio, Jan. 20 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% capped dual directional contingent buffered equity notes due July 23, 2018 linked to the Euro Stoxx 50 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 the index return up to a maximum return of 21.9%.
If the index falls by up to 21.9%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 21.9% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $1,025,000
|
| Maturity: | July 23, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 21.9%; par plus absolute value of return if index falls by up to 21.9%; full exposure to loss if index falls beyond 21.9%
|
| Initial level: | 3,294.00
|
| Contingent buffer: | 21.9%
|
| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46646QVM4
|
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