New Issue: JPMorgan prices $1.89 million digital dual directional notes on Russell

By Marisa Wong

Morgantown, W.Va., March 13 – JPMorgan Chase Financial Co. LLC priced $1.89 million of 0% digital dual directional contingent buffered notes due June 6, 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 final index level is at least 85% of the initial index level, the payout at maturity will be par plus 10.35%. Otherwise, investors will have one-to-one exposure to the index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying index:	Russell 2000
Amount:	$1.89 million
Maturity:	June 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial index level, par plus 10.35%; otherwise, one-to-one exposure to index’s decline from initial level
Initial index level:	1,394.127
Final index level:	Average of index’s closing levels on five trading days ending June 1, 2018
Pricing date:	March 3
Settlement date:	March 8
Agent:	J.P. Morgan Securities LLC
Fees:	1.12%
Cusip:	46646QL60

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