By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $3.05 million of 0% digital dual directional contingent buffered notes due Oct. 18, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes at or above the 60% threshold level, the payout at maturity will be par plus a fixed return of 7.25%.
If the fund falls by more than the 40% 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: | Digital dual directional contingent buffered notes
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production
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| Amount: | $3.05 million
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| Maturity: | Oct. 18, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above threshold, par plus 10%; otherwise, full exposure to any losses
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| Initial price: | $38.46
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| Threshold: | 60% of initial price
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46646EJ86
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