By Marisa Wong
Morgantown, W.Va., May 8 – JPMorgan Chase Financial Co. LLC priced $5.2 million of 0% capped dual directional contingent buffered equity notes due Oct. 30, 2018 linked to 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 index return is zero or positive, the payout at maturity will be par plus the index return, capped at 13.35%.
If the index falls by up to 13.35%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 13.35% contingent buffer, investors will be fully exposed to any losses.
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: | Capped dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $5.2 million
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| Maturity: | Oct. 30, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus the index return, capped at 13.35%; if the index falls by up to 13.35%, par plus the absolute value of the index return; otherwise, investors will be fully exposed to any losses
|
| Initial level: | 2,388.61
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646Q7A7
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