By Marisa Wong
Morgantown, W.Va., Oct. 10 – JPMorgan Chase Financial Co. LLC priced $987,000 of 0% digital notes due Oct. 31, 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.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its 70% trigger level on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus the contingent digital return of 7%.
If a trigger event has occurred 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.
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: | $987,000
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| Maturity: | Oct. 31, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both indexes never close below trigger levels, par plus 7%; if either index dips below trigger level during life of notes but each index finishes at or above initial level, par; otherwise, 1% loss per 1% drop of worse performing index
|
| Initial levels: | 1,490.861 for Russell and 3,594.85 for Euro Stoxx
|
| Trigger levels: | 1,043.6027 for Russell and 2,516.395 for Euro Stoxx; 70% of initial levels
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.2804%
|
| Cusip: | 46647M3S0
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