By Susanna Moon
Chicago, Jan. 18 – JPMorgan Chase Financial Co. LLC priced $3.91 million of 0% buffered digital notes due Feb. 16, 2018 linked to the 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 above its initial level, the payout at maturity will be a fixed return of 9.7%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
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: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $3,911,000
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Maturity: | Feb. 16, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 9.7%; par if index falls by up to 10% and exposure to any losses beyond 10%
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Initial level: | 1,372.047
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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: | 0.4%
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Cusip: | 46646QUR4
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