By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – JPMorgan Chase Financial Co. LLC priced $11.35 million of 0% capped dual directional contingent buffered equity notes due April 10, 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.
If the index return is positive, the payout at maturity will be par plus the index return, capped at 17.6%.
If the index falls by up to 17.6%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 17.6% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $11,345,000
|
| Maturity: | April 10, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the index return, capped at 17.6%; if the index falls by up to 17.6%, par plus the absolute value of the index return; if the index falls by more than the 17.6% contingent buffer, full exposure to any losses
|
| Initial level: | 3,603.32
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48129HEX1
|
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