By Angela McDaniels
Tacoma, Wash., April 4 – JPMorgan Chase & Co. priced $1.5 million of 0% digital dual directional contingent buffered notes due April 20, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
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 25%, the payout at maturity will be par plus 4.06%.
If the final index level is less than the initial index level by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.5 million
|
| Maturity: | April 20, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| 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 25%, par plus 4.06%; otherwise, full exposure to index’s decline
|
| Initial index level: | 2,059.74
|
| Final index level: | Average of index’s closing levels on five trading days ending April 17, 2017
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48128GVN7
|
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