By Marisa Wong
Morgantown, W.Va., May 2 – JPMorgan Chase Financial Co. LLC priced $892,000 of 0% capped dual directional contingent buffered return enhanced notes due Oct. 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at 28%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.
If the index falls by more than the 25% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped dual directional contingent buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $892,000
|
Maturity: | Oct. 28, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 2 times the index return, capped at 28%; if the index falls by up to 25%, par plus the absolute value of the index return; if the index falls by more than the 25% contingent buffer, full exposure to any losses
|
Initial level: | 3,440.27
|
Pricing date: | April 21
|
Settlement date: | April 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.42%
|
Cusip: | 46646Q6T7
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.