By Susanna Moon
Chicago, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.04 million of dual directional notes due Oct. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and the contingent minimum return of 30%.
If the index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the return.
If the index falls by more than the 30%, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,035,000
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus greater of return and 30%; if index falls by up to 30%, par plus absolute return; otherwise, full exposure to any losses
|
| Initial level: | 2,139.43
|
| Contingent buffer: | 30%
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 46646EN81
|
|
|
|
|
© 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.
