By Kiku Steinfeld
Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $20,000 of 0% capped buffered equity notes due March 29, 2023 linked to the J.P. Morgan Kronos US Equity index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 100% of the return of the index capped at par plus 17.4%. The payout will be par if the index declines but by no more than 20%. Investors will lose 1% for every 1% that the index declines if it declines by more than 20%.
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 buffered equity notes
|
Underlying index: | J.P. Morgan Kronos US Equity index
|
Amount: | $20,000
|
Maturity: | March 29, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 100% of index return capped at par plus 17.4%; par if index declines but by no more than 20%; otherwise, 1% loss for every 1% that index declines
|
Initial level: | 503.18
|
Upside leverage: | 100%
|
Cap: | 17.4%
|
Barrier: | 20%
|
Pricing date: | March 11
|
Settlement date: | March 16
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48133DVJ6
|
|
|
© 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.