By Tali Rackner
Norfolk, Va., Dec. 29 – JPMorgan Chase Financial Co. LLC priced $545,000 of 0% digital dual directional contingent buffered notes due March 28, 2018 linked to 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% contingent buffer, the payout at maturity will be par plus the digital return of 7.8%.
If the index falls by more than the 15% contingent buffer, investors will lose 1% for every 1% that the index declines from its initial level.
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: | $545,000
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| Maturity: | March 28, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above contingent buffer, par plus 7.8%; otherwise, full exposure to any losses
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| Initial level: | 2,263.79
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| Contingent buffer: | 15%
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.12%
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| Cusip: | 46646QGD1
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