By Sarah Lizee
Olympia, Wash., Aug. 1 – JPMorgan Chase Financial Co. LLC priced $4.21 million of 0% digital dual directional contingent buffered notes due Aug. 14, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final stock price is greater than or equal to the initial price or is less than the initial price by up to the contingent buffer amount, 25%, the payout at maturity will be par plus the contingent digital return of 10.8%.
If the final price is less than the initial price by more than the contingent buffer amount, investors will lose 1% for every 1% that the final price is less than the initial price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying stock: | Facebook, Inc.
|
| Amount: | $4,205,000
|
| Maturity: | Aug. 14, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final stock price is greater than or equal to the initial price or is less than the initial price by up to 25%, par plus 10.8%; if the final price is less than the initial price by more than 25%, 1% loss for every 1% decline
|
| Initial level: | $176.26
|
| Contingent buffer: | 25%
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48129MS23
|
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