By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $6.89 million of 0% capped dual directional contingent buffered equity notes due Jan. 4, 2018 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 initial level, the payout at maturity will be par plus the index return up to a maximum upside return of 10%.
If the index falls by up to 24.5%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 24.5% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,885,000
|
| Maturity: | Jan. 4, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 10%; par plus absolute value of return if index falls by up to 24.5%; full exposure to loss if index falls beyond 24.5%
|
| Initial level: | 2,098.86
|
| Contingent buffer: | 24.5%
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 46646EKY7
|
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