By Devika Patel
Knoxville, Tenn., March 27 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% digital dual directional contingent buffered notes due April 2, 2018 linked to the lesser performing of the common stocks of Netflix, Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its 60% threshold level, the payout at maturity will be par plus a fixed return of 8.85%.
If either stock falls by more than the 40% contingent buffer, investors will lose 1% for each 1% decline of the lesser-performing stock from its initial level.
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
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| Underlying stocks: | Netflix, Inc. (Symbol: NFLX), Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $3 million
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| Maturity: | April 2, 2018
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each stock is flat, positive or falls by up to 40% contingent buffer, par plus 8.85%; otherwise, 1% loss for each 1% decline of lesser-performing stock from its initial level
|
| Initial levels: | $142.42 for Netflix and $843.20 for Amazon
|
| Pricing date: | March 21
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| Settlement date: | March 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 46646QY66
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