By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital dual directional contingent buffered notes due May 23, 2018 linked to the VanEck Vectors Gold Miners 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 71.25% threshold level, the payout at maturity will be par plus a fixed return of 15%.
If the fund falls by more than the 18.75% 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: | VanEck Vectors Gold Miners
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| Amount: | $2 million
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| Maturity: | May 23, 2018
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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 15%; otherwise, full exposure to any losses
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| Initial price: | $21.55
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| Threshold: | 71.25% of initial price
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| Pricing date: | May 5
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| Settlement date: | May 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46647MJX2
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