New Issue: JPMorgan prices $1.2 million dual directional contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% capped dual directional contingent buffered equity notes due Feb. 12, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 6%. If the index declines by up to 16.5%, the payout will be par plus the absolute value of the index return. If the index declines by more than 16.5%, investors will lose 1% for every 1% that the final index level is less than the initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$1.2 million
Maturity:	Feb. 12, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, up to 6% maximum return; if index falls by up to 16.5%, par plus absolute value of index return; otherwise, 1% loss for every 1% that final index level is less than initial level
Initial index level:	2,298.37
Final index level: Average of index’s closing levels on five trading days ending Feb. 7, 2018
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	46646QWQ4

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