By Marisa Wong
Morgantown, W.Va., June 28 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital dual directional contingent buffered notes due Sept. 24, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the digital return of 10.3%.
Otherwise, 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: | Digital dual directional contingent buffered notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2 million
|
| Maturity: | Sept. 24, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, finishes flat or falls by up to 15%, par plus 10.3%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,403.51
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48129M4K9
|
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