By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $3.2 million of 0% digital dual directional contingent buffered notes due May 16, 2019 linked to Apple Inc. stock, 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 85% of its initial level, the payout at maturity will be par plus the digital return of 12.8%.
If the stock falls by more than the 15% contingent buffer, investors will lose 1% for each 1% decline.
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 asset: | Apple Inc.
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| Amount: | $3.2 million
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| Maturity: | May 16, 2019
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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 up to 15%, par plus 12.8%, otherwise, 1% loss for each 1% decline
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| Initial level: | $162.32
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| Contingent buffer: | 85%
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| Pricing date: | April 27
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| Settlement date: | May 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48129MRP3
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