By Taylor Fox
New York, Aug. 20 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered equity notes due Feb. 9, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index.
Investors will receive par if the index falls by up to 23.5% and will lose 1% for each 1% decline from the initial level if the index falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1 million
|
| Maturity: | Feb. 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return if index finishes above its initial level; par if the index falls by up to contingent buffer; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,655.77
|
| Contingent buffer level: | 76.5% of initial level
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132R2E9
|
© 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.
