By Susanna Moon
Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $497,000 of 0% buffered digital notes due May 3, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent digital return of 20%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index beyond the buffer.
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: | Buffered digital notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $497,000
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| Maturity: | May 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 20%; if either index falls by up to 10%, par; otherwise, 1% loss per 1% decline of worse performing index beyond 10%
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| Initial levels: | 1,400.428 for Russell and 2,384.20 for S&P
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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: | 0.35714%
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| Cusip: | 46646Q4H5
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