By Susanna Moon
Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due Aug. 17, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 7.05% unless the index finishes below its 85% barrier level, in which case investors will be fully exposed to any losses.
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: | Digital dual directional contingent buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | Aug. 17, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% barrier, par plus 7.05%; otherwise, par plus return with full exposure to any losses
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Initial level: | 3,459.32
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Contingent buffer: | 15%
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Pricing date: | Aug. 2
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Settlement date: | Aug. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46647MH71
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