By Marisa Wong
Morgantown, W.Va., July 21 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% digital notes due Aug. 3, 2018 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
A trigger event occurs if either index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event does not occur, the payout at maturity will be par plus the digital return of 7.5%.
If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
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: | Russell 2000 index and the Euro Stoxx 50 index
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| Amount: | $1,072,000
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| Maturity: | Aug. 3, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If a trigger event does not occur, par plus 7.5%; if a trigger event occurs but each index finishes at or above its initial level, par; otherwise, 1% loss for every 1% that the lesser-performing index finishes below its initial level
|
| Trigger event: | Either index closes below its trigger value on any day during the life of the notes
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| Initial levels: | 1,415.359 for Russell and 3,441.88 for Euro Stoxx
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| Trigger levels: | 990.7513 for Russell and 2,409.316 for Euro Stoxx; 70% of initial levels
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| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
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| Cusip: | 46647MES8
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