By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $4.3 million of 0% digital dual directional contingent buffered notes due Sept. 18, 2019 linked to Apple Inc. shares, 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 initial level or falls by up to the 20% contingent buffer, the payout will be par plus 8.5%.
Otherwise, investors will be fully exposed to any losses.
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 stock: | Apple Inc.
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| Amount: | $4.3 million
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| Maturity: | Sept. 18, 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 20%, par plus 8.5%; otherwise, 1% loss for each 1% decline
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| Initial level: | $225.30
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| Contingent buffer: | 20%
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UHQ1
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