By Wendy Van Sickle
Columbus, Ohio, April 20 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped contingent buffered equity notes due Oct. 23, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial level, the payout at maturity will be par plus the return, subject to a maximum return of 11.7%.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline if the index falls by more than the 25% contingent buffer.
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: | Capped contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $3 million
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| Maturity: | Oct. 23, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above index strike level, par plus the return, capped at 11.7%; par if the index falls by up to 25%; otherwise, 1% loss for each 1% decline
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| Index strike level: | 2,342.19
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646Q6F7
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