By Susanna Moon
Chicago, June 29 – JPMorgan Chase Financial Co. LLC priced 10.25 million of 0% digital dual directional contingent buffered notes due Aug. 16, 2017 linked to the S&P 500 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% threshold level, the payout at maturity will be par plus the digital return of 9%.
Otherwise, 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: | S&P 500
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| Amount: | $10,225,000
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| Maturity: | Aug. 16, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above the 85% threshold, par plus 9%; otherwise, full exposure to any losses
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| Initial levels: | 2,000.54
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| Barrier levels: | 85% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.04%
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| Cusip: | 46646EKU5
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