By Kiku Steinfeld
Chicago, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% capped buffered enhanced participation equity notes due May 12, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.6 times the index return if the final index level is above its initial level, subject to a maximum payout of $1,148.48 per $1,000 of notes.
If the index decreases, but no more than 10%, the payout will be par.
Otherwise, investors will lose 1.1111% per 1% decrease in the index beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered enhanced participation equity notes
|
Underlying index: | MSCI EAFE index
|
Amount: | $1,094,000
|
Maturity: | May 12, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.6 times index return if index return is positive, capped at $1,148.48 per $1,000 of notes; par if the index declines but not more than 10%; 1.1111% loss per 1% decrease in index beyond 10% buffer
|
Initial level: | 2,003.68
|
Buffer level: | 90% of initial level
|
Pricing date: | Feb. 20
|
Settlement date: | Feb. 27
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48132HE81
|
|
© 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.