By Susanna Moon
Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $55,000 of 0% capped dual directional contingent buffered return enhanced notes due April 30, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.25 times the gain of the worse performing index up to a maximum upside return of 9%.
If either index falls but by no more than 15%, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more the contingent buffer, investors will lose 1% for each 1% decline of the worse performing index.
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 return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $55,000
|
| Maturity: | April 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.25 times return of the worse performing index, capped at 9%; if either index falls by up to 15%, par plus absolute return of worse performing index; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,400.428 for Russell and 2,384.20 for S&P
|
| Contingent buffer: | 15%
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.56818%
|
| Cusip: | 46646Q2J3
|
© 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.
