New Issue: JPMorgan prices $1.82 million digital dual directional notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 22 – JPMorgan Chase Financial Co. LLC priced $1.82 million of 0% digital dual directional contingent buffered notes due Feb. 22, 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 final index level is at least 85% of the initial index level, the payout at maturity will be par plus 8.2%. Otherwise, investors will have one-to-one exposure to the index’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying index:	S&P 500
Amount:	$1,823,000
Maturity:	Feb. 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial index level, par plus 8.2%; otherwise, one-to-one exposure to index’s decline from initial level
Initial index level:	2,181.9
Final index level: Average of index’s closing levels on five trading days ending Feb. 16, 2018
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	J.P. Morgan Securities LLC
Fees:	1.12%
Cusip:	46646QAL9

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