By Susanna Moon
Chicago, Jan. 18 – JPMorgan Chase Financial Co. LLC priced $2.5 million 0% digital dual directional contingent buffered notes due July 19, 2019 linked to the least performing of the American Depositary Shares of Petroleo Brasileiro SA and Itau Unibanco Holding S.A, according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes above its 60% barrier level, the payout at maturity will be par plus the digital return of 16.85%.
If either stock falls by no more than 40% contingent buffer, the payout will be par plus the return of the worse performing stock with full exposure to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying stocks: | Petroleo Brasileiro SA (Symbol: PBR) and Itau Unibanco Holding SA (Symbol: ITUB)
|
| Amount: | $2.5 million
|
| Maturity: | July 19, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock gains or falls by up to 40%, par plus 16.85%; otherwise, par plus return of worse performing stock
|
| Initial | levels: | $11.47 for Petrobras and $14.12 for Itau
|
| Contingent buffer: | 40%
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48129HP68
|
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