By Wendy Van Sickle
Columbus, Ohio, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $903,000 of 0% uncapped dual directional buffered return enhanced notes due Aug. 2, 2021 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus 1.2 times the return of the lesser performing asset.
If either asset falls but by no more than the 10% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 10%, investors will lose 1% for each 1% decline of the lesser-performing asset beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped dual directional buffered return enhanced notes
|
Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
Amount: | $903,000
|
Maturity: | Aug. 2, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each asset gains, par plus 1.2 times return of the lesser-performing asset; if either asset falls but by no more than 10% contingent buffer, par plus absolute value of return of lesser-performing asset; if either asset falls by more than 10%, investors will lose 1% for each 1% decline of the lesser-performing asset beyond 10%
|
Initial levels: | $68.69 for ETF and 3,719.22 for index
|
Pricing date: | Jan. 28
|
Settlement date: | Jan. 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.83445%
|
Cusip: | 48132HLU4
|
|
© 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.