By Marisa Wong
Morgantown, W.Va., July 3 – JPMorgan Chase Financial Co. LLC priced $2.02 million of 0% digital dual directional buffered notes due July 25, 2018 linked to the Euro Stoxx Banks 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 at least 85% of the initial index level, the payout at maturity will be par plus 9.65%. Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
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 buffered notes
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| Underlying index: | Euro Stoxx Banks index
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| Amount: | $2.02 million
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| Maturity: | July 25, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is at least 85% of initial index level, par plus 9.65%; otherwise, 1.1765% loss for every 1% decline beyond 15%
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| Initial level: | 127.86
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| Final index level: | Average of index’s closing levels on five trading days ending July 20, 2018
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
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| Cusip: | 46647MA94
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