By Marisa Wong
Morgantown, W.Va., Sept. 18 – JPMorgan Chase Financial Co. LLC priced $2.83 million of 0% capped dual directional contingent buffered equity notes due March 13, 2019 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.
The payout at maturity will be par plus any index gain, capped at 18%.
If the index falls by up to 18%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 18%, investors will be fully exposed to the decline from the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $2.83 million
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| Maturity: | March 13, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 18%; if index falls by up to 18%, par plus the absolute value of the index return; if index falls by more than 18%, investors will be fully exposed to the decline from the initial level.
|
| Initial level: | 3,447.69
|
| Pricing date: | Sept. 8
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| Settlement date: | Sept. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46647M5U3
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