By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $2.47 million of 0% capped dual directional buffered equity notes due Feb. 1, 2024 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of par plus 42%.
If the final level of the least performing index falls by up to 15%, the payout will be par plus the absolute value of that index’s return.
If the final level of either index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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 buffered equity notes
|
Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
|
Amount: | $2,474,000
|
Maturity: | Feb. 1, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return, subject to maximum upside return of par plus 42%; if least performing index falls by up to 15%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing index declines beyond 15%
|
Initial levels: | 29,982.62 for Dow and 12,925.38for Nasdaq
|
Buffer levels: | 85% of initial levels
|
Pricing date: | Jan. 29
|
Settlement date: | Feb. 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.62951%
|
Cusip: | 48132RDJ6
|
|
© 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.