By Susanna Moon
Chicago, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $1.51 million of 0% digital notes due Oct. 5, 2018 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Securities and Exchange Commission.
If each index closes at or above its 70% trigger level each day during the life of the notes, the payout at maturity will be par plus the fixed return of 7.25%.
If either index ever breaches 70% trigger but each index finishes at or above its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 notes
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $1,514,000
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| Maturity: | Oct. 5, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index never closes below 70% trigger, par plus 7.25%; if either index dips below trigger but each index finishes at or above its initial level, par; otherwise, 1% loss per 1% drop of worse performing index
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| Initial levels: | 3,421.47 for Stoxx, 1,405.277 for Russell
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| Trigger levels: | 2,395.029 for Stoxx, 983.6939 for Russell; 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.33802%
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| Cusip: | 46647MF81
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