By Wendy Van Sickle
Columbus, Ohio, May 21 – JPMorgan Chase Financial Co. LLC priced $570,000 of 0% capped dual directional contingent buffered equity notes due June 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial strike level, the payout at maturity will be par plus the index return, subject to a maximum return of 7%.
If the index falls by up to 17.8%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.21655% for every 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $570,000
|
| Maturity: | June 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than the initial strike level, par plus the index return, subject to a maximum return of 7%; if the index falls by up to buffer level, par plus the absolute value of the index return; 1.21655% loss for every 1% decline beyond the buffer
|
| Initial strike level: | 2,953.91
|
| Final level: | Average of index closing levels for five trading days ending June 1, 2021
|
| Buffer level: | 82.2% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132KW27
|
|
|
© 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.
