By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped contingent buffered notes due April 2, 2018 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock return is positive, the payout at maturity will be par plus the greater of 10% and the stock return, up to a maximum return of 18.5%.
Investors will receive par if the share price falls by up to 20% and will be fully exposed to the decline in the stock price from the initial level if it falls by more than 20%.
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 contingent buffered notes
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| Underlying stock: | Microsoft Corp.
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| Amount: | $2 million
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| Maturity: | April 2, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus greater of 10% and any stock gain, subject to 18.5% maximum return; par if stock price falls by up to 20%; full exposure to decline if price falls more than 20%
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| Initial share price: | $57.95
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| Pricing date: | Sept. 27
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646EH47
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