By Susanna Moon
Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $835,000 of 0% digital dual directional contingent buffered notes due May 16, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 85% threshold level, the payout at maturity will be par plus a fixed return of 10.1%.
If the fund falls by more the contingent buffer, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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 fund: | SPDR S&P Regional Banking ETF
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| Amount: | $835,000
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| Maturity: | May 16, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above its 85% threshold, par plus 10.1%; otherwise, 1% loss for each 1% decline
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| Initial level: | $54.05
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| Contingent buffer: | 15%
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646Q7C3
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