By William Gullotti
Buffalo, N.Y., Oct. 12 – JPMorgan Chase Financial Co. LLC priced $11.44 million of 0% capped gears due Nov. 30, 2022 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus triple any ETF gain, capped at par plus 27.5%.
Investors will be fully exposed to any ETF decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped gears
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $11,443,000
|
| Maturity: | Nov. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any ETF gain, capped at par plus 27.5%; full exposure to any losses
|
| Initial value: | $52.71
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132X263
|
|
|
© 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.
