By Angela McDaniels
Tacoma, Wash., Oct. 18 – JPMorgan Chase Financial Co. LLC priced $2.71 million of 0% digital dual directional contingent buffered notes due Nov. 1, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is at least 65% of the initial share price, the payout at maturity will be par plus 9.5%. Otherwise, investors will have one-to-one exposure to the ETF’s decline from its initial share price.
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 ETF: | SPDR S&P Oil & Gas Exploration & Production
|
| Amount: | $2.71 million
|
| Maturity: | Nov. 1, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least 65% of initial share price, par plus 9.5%; otherwise, one-to-one exposure to ETF’s decline from initial share price
|
| Initial share price: | $37.66
|
| Final share price: | Average of ETF’s closing share prices on five trading days ending Oct. 27, 2017
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 46646EV33
|
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