By Susanna Moon
Chicago, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $1.16 million of 0% capped buffered return enhanced notes due Oct. 25, 2018 linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket components are the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE EAFE with a 15% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 18%.
Investors will receive par if the basket falls by up to 12% and will be exposed to any losses beyond 12%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underliers: | S&P 500 index (70% weight), iShares MSCI EAFE ETF (15% weight) and Russell 2000 index (15% weight)
|
| Amount: | $1.16 million
|
| Maturity: | Oct. 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 18%; par if the basket falls by up to 12%; 1% loss for each 1% decline beyond 12%
|
| Initial levels: | 2,141.34 for S&P, 1,219.787 for Russell and $58.32 for EAFE fund
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 46646EF98
|
|
|
|
|
© 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.
