By Angela McDaniels
Tacoma, Wash., May 24 – JPMorgan Chase Financial Co. LLC priced $4.52 million of 0% capped dual directional contingent buffered return enhanced notes due May 23, 2019 linked to the S&P 500 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 the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 29%.
If the final index level is equal to the initial index level or is less than the initial index level by up to 20%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 20%, investors will lose 1% for every 1% that the final index level is below the initial index level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,517,000
|
| Maturity: | May 23, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 1.5 times index return, subject to 29% maximum return; if index is flat or falls by up to 20%, par plus absolute value of index return; if index falls by more than 20%, full exposure to decline
|
| Initial level: | 2,052.32
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.6%
|
| Cusip: | 46646EAJ1
|
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