By Emma Trincal
New York, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% buffered return enhanced notes due May 11, 2020 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 finishes above its initial value, the payout at maturity will be par plus 2.1 times the gain.
Investors will receive par if the index finishes flat or falls by up to 10% and lose 1.1111% for each 1% index decline beyond the 10% buffer.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $5 million
|
Maturity: | May 11, 2020
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 2.1 times any index gain; par if index declines by 10% or less; otherwise, 1.1111% loss per 1% decline of index beyond 10%
|
Initial value: | 3,207.42
|
Pricing date: | Nov. 6
|
Settlement date: | Nov. 9
|
Agents: | J.P. Morgan Securities LLC
|
Fees: | 0.25%
|
Cusip: | 48130WBE0
|
|
© 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.