By Susanna Moon
Chicago, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $450,000 of 0% digital dual directional contingent buffered notes due Dec. 4, 2017 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the 85% threshold level, the payout at maturity will be par plus a fixed return of 8.5%.
If the index falls by more than the 15% contingent buffer, investors will lose 1% for each 1% decline beyond the buffer.
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 contingent buffered notes
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Underlying index: | FTSE 100
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Amount: | $450,000
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Maturity: | Dec. 4, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index or falls by up to contingent buffer, par plus 8.5%; otherwise, 1% loss for each 1% decline beyond buffer
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Initial level: | 7,020.47
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Contingent buffer: | 15%
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Pricing date: | Oct. 21
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Settlement date: | Oct. 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.04%
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Cusip: | 46646EZ70
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