By Susanna Moon
Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due May 6, 2019 linked to Hertz Global Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its 50% threshold level, the payout at maturity will be par plus the digital return of 13.75%.
If the stock falls by more than the 50% contingent buffer, investors will lose 1% for each 1% decline.
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 dual directional contingent buffered notes
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| Underlying asset: | Hertz Global Holdings, Inc. (Symbol: HTZ)
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| Amount: | $1 million
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| Maturity: | May 6, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or falls by up to 50%, par plus 13.75%, otherwise, 1% loss for each 1% decline
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| Initial level: | $20.69
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| Contingent buffer: | 50%
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| Pricing date: | April 17
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MA48
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