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 Feb. 5, 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 15.71%.
If the index falls by up to 15.71%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 15.71% contingent buffer, 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.
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Issue: | Capped dual directional contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,025,000
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Maturity: | Feb. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 15.71%; par plus absolute value of return if index falls by up to 15.71%; full exposure to loss if index falls beyond 15.71%
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Initial level: | 3,294.00
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Contingent buffer: | 15.71%
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Pricing date: | Jan. 18
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Settlement date: | Jan. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46646QVL6
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