By Marisa Wong
Morgantown, W.Va., June 23 – JPMorgan Chase Financial Co. LLC priced $4.14 million of 0% digital notes due July 26, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase & Co. is the guarantor.
If each index closes at or above its 60% trigger level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 7.75%.
If either index ever dips below the 60% trigger level but each index finishes at or above its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline 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: | Digital notes
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $4,142,000
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| Maturity: | July 26, 2017
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index closes at or above its trigger level on each day during the life of the notes, par plus 7.75%; if either index ever dips below the trigger level but each index finishes at or above its initial level, par; otherwise, full exposure to the decline of the worse performing index
|
| Initial index levels: | 1,153.871 for Russell and 2,967.34 for Euro Stoxx
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| Trigger level: | 60% of initial level
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 46646EHE5
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