New York, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% uncapped accelerated barrier notes due Aug. 3, 2028 linked to the Euro Stoxx Mid index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 310% of the return of that index.
The payout will be par if the worst performing index declines but finishes at or above its 85% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Uncapped accelerated barrier notes
|
Underlying indexes: | Euro Stoxx Mid index and MSCI Emerging Markets index
|
Amount: | $2.65 million
|
Maturity: | Aug. 3, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains, par plus 310% of that index’s return; par if worst performing index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Initial levels: | 488.64 for Euro Stoxx Mid, 1,046.91 for MSCI Emerging Markets
|
Upside leverage: | 310%
|
Barriers: | 415.344 for Euro Stoxx Mid, 889.8735 for MSCI Emerging Markets, 85% of initial level
|
Pricing date: | July 31
|
Settlement date: | Aug. 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.75%
|
Cusip: | 48133YMW1
|
|
|
© 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.