By Angela McDaniels
Tacoma, Wash., June 27 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional contingent buffered return enhanced notes due June 27, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 120% of the ETF’s return, subject to a maximum return of 38%.
If the final share price is less than the initial share price by up to 25%, the payout will be par plus the absolute value of the ETF’s return.
If the final share price is less than the initial share price by more than 25%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 ETF: | Energy Select Sector SPDR fund
|
| Amount: | $1 million
|
| Maturity: | June 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus 120% of ETF’s return, subject to maximum return of 38%; if final share price is less than initial share price by up to 25%, par plus absolute value of ETF’s return; if final share price is less than initial share price by more than 25%, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $69.01
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46646EKJ0
|
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