By Angela McDaniels
Tacoma, Wash., June 5 – JPMorgan Chase Financial Co. LLC priced $818,000 of 0% buffered digital notes due May 31, 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 20%.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 10% or if the final level of each index is less than its initial level by up to 10%, the payout will be par.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $818,000
|
| Maturity: | May 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 20%; if final level of one index is greater than or equal to initial level and final level of other index is less than initial level by up to 10% or if each index declines by up to 10%, par; if final level of either index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
|
| Initial index levels: | 2,411.80 for S&P 500 and 1,370.208 for Russell 2000
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.40978%
|
| Cusip: | 46646QSB2
|
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