By Wendy Van Sickle
Columbus, Ohio, June 22 – JPMorgan Chase & Co. priced $2.88 million of digital dual directional contingent buffered notes due July 18, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level or has declined from the initial index level by no more than 15%, the payout at maturity will be par plus 8.85%.
If the final index level is less than the initial index level by more than 15%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The final index level will be the average of the index’s closing levels on the five trading days ending July 13, 2018.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,884,000
|
| Maturity: | July 18, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level or has declined from initial index level by no more than 15%, par plus 8.85%; otherwise, full exposure to index’s decline
|
| Initial index level: | 3,543.88
|
| Final index level: | Average of index’s closing levels on five trading days ending July 13, 2018
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.04%
|
| Cusip: | 46647MHT3
|
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