By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – JPMorgan Chase Financial Co. LLC priced $11.76 million of 0% dual directional trigger jump securities due July 3, 2025 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is flat or positive, the payout at maturity will be the greater of par plus 16% and par plus the ETF return.
Investors will receive a 1% gain for each 1% loss in the underlying ETF if the ETF declines but finishes at or above the 90% downside threshold and will lose 1% for every 1% decline if the ETF ends below its downside threshold.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $11,758,000
|
| Maturity: | July 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, the greater of par plus 16% and par plus the ETF return; 1% gain for each 1% loss if ETF declines but ends at or above downside threshold; otherwise, full exposure to decline of ETF from initial level
|
| Initial level: | $40.21
|
| Upside payment: | 16%
|
| Downside threshold: | $36.189, 90% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley
|
| Fees: | 2.5% including a structuring fee of 0.5%
|
| Cusip: | 48134R5T1
|
|
|
© 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.
