By Susanna Moon
Chicago, Jan. 18 – JPMorgan Chase Financial Co. LLC priced $3.41 million of 0% digital dual directional contingent buffered notes due April 18, 2018 linked to Russell 2000 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% contingent buffer, the payout at maturity will be par plus the digital return of 11.1%.
If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.
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: | Russell 2000
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| Amount: | $3,405,000
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| Maturity: | April 18, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above contingent buffer, par plus 11.1%; otherwise, full exposure to any losses
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| Initial level: | 1,372.047
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| Contingent buffer: | 15%
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.12%
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| Cusip: | 46646QUE3
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