By Susanna Moon
Chicago, June 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due June 18, 2018 linked to the class B common stock of Viacom Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 15.2% contingent buffer, the payout at maturity will be par plus the contingent digital return of 15%.
Otherwise, 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 stock: | Viacom Inc. (Symbol: VIAB)
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| Amount: | $1 million
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| Maturity: | June 18, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or falls by 15.2%, par plus 15%; otherwise, 1% loss for each 1% decline
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| Initial level: | $34.79
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| Contingent buffer: | 15.2%
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46647MLQ4
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