By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $2.13 million of 0% capped dual directional contingent buffered equity notes due March 21, 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 12%.
If the index falls by up to 19.4%, the payout will be par plus the absolute value of the return.
If the index falls by more than the 19.4% contingent buffer, 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: | Capped dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $2,125,000
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| Maturity: | March 21, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 12%; par plus absolute value of return if index falls by up to 19.4%; full exposure to loss if index falls beyond 19.4%
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| Initial level: | 2,098.86
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| Contingent buffer: | 19.4%
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646EB76
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