By Wendy Van Sickle
Columbus, Ohio, June 30 – JPMorgan Chase Financial Co. LLC priced $1.75 million of 0% dual directional contingent buffered return enhanced notes due June 28, 2019 linked to 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 both indexes gain, the payout at maturity will be par plus 1.34 times the gain of the lesser performing index.
If either index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the lesser index return.
If either index falls by more than the contingent buffer, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1,752,000
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| Maturity: | June 28, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.34 times return of lesser-performing index; if either index is flat or falls by up to 30%, par plus absolute value of lesser-performing index’s return; if either index falls by more than 30%, full exposure to decline of lesser-performing index
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| Initial levels: | 2,000.54 for S&P, 1,089.646 for Russell
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4401%
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| Cusip: | 46646EEU2
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