By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $871,000 of 0% uncapped dual directional digital accelerated barrier notes due March 24, 2026 linked to the Nasdaq-100 index and the ARK Innovation ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all of the assets finish at or above their initial level, the payout at maturity will be par plus 69% plus 2 times any gain in the least performing fund beyond 69%.
If the least performing asset falls by no more than 40% of its initial level, the payout at maturity will be par plus the absolute value of the return of that asset.
Otherwise, investors will lose 1% for each 1% decline of the least performing asset from its initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped dual directional digital accelerated barrier notes
|
Underlying assets: | Nasdaq-100 index and the ARK Innovation ETF
|
Amount: | $871,000
|
Maturity: | March 24, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If all assets finish at or above initial level, par plus 69% plus 2 times any gain in least performing fund beyond 69%; if least performing asset falls by no more than 40%; par plus absolute value of that asset’s return; otherwise, 1% loss for each 1% decline of least performing asset from its initial level
|
Initial levels: | 12,866.99 for Nasdaq, $122.36 for ARK
|
Barrier levels: | 7,720.194 for Nasdaq, $73.416 for ARK, 60% of initial levels
|
Pricing date: | March 19
|
Settlement date: | March 24
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.75761%
|
Cusip: | 48132TFS0
|
|
© 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.