By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $3.7 million of digital dual directional contingent buffered notes due Oct. 4, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or has declined from the initial index level by no more than 15%, the payout at maturity will be par plus 8.27%.
If the final index level is less than the initial index level by more than 15%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The final index level will be the average of the index’s closing levels on the five trading days ending Sept. 29, 2017.
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 index: | Stoxx Europe 600
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| Amount: | $3.7 million
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| Maturity: | Oct. 4, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level or has declined from initial index level by no more than 15%, par plus 8.27%; otherwise, full exposure to index’s decline
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| Initial index level: | 343.72
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| Final index level: | Average of index’s closing levels on five trading days ending Sept. 29, 2017
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
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| Cusip: | 46646EVX7
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