By Marisa Wong
Morgantown, W.Va., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $960,000 of 0% capped dual directional contingent buffered equity notes due May 8, 2018 linked to 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 index return is zero or positive, the payout at maturity will be par plus the index return, capped at 7%.
If the index falls by up to 18.86%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 18.86% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $960,000
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| Maturity: | May 8, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus the index return, capped at 7%; if the index falls by up to 18.86%, par plus the absolute value of the index return; otherwise, investors will be fully exposed to any losses
|
| Initial level: | 2,297.42
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.12%
|
| Cusip: | 46646QA62
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