By Angela McDaniels
Tacoma, Wash., May 26 – JPMorgan Chase Financial Co. LLC priced $3.64 million of digital notes due June 28, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its trigger value, 66.5% of its initial level, on any day during the life of the notes.
If a trigger event has not happened, the payout at maturity will be par plus 7.1%.
If a trigger event occurs and each index finishes at or above its initial level, the payout will be par.
If a trigger event occurs and either index finishes below its initial level, investors will be exposed to the decline of the lesser-performing index.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $3,644,00
|
| Maturity: | June 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If trigger event has not happened, par plus 7.1%; if trigger event occurs and each index finishes at or above initial level, par; if trigger event occurs and either index finishes below initial level, exposure to decline of lesser-performing index
|
| Trigger event: | Either index closes below trigger value on any day during life of notes
|
| Initial levels: | 1,382.509 for Russell 2000 and 3,586.62 for Euro Stoxx 50
|
| Trigger levels: | 919.36849 for Russell 2000 and 2,385.1023 for Euro Stoxx; 66.5% of initial levels
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 46647MCT8
|
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