By William Gullotti
Buffalo, N.Y., Jan. 6 – JPMorgan Chase Financial Co. LLC priced $4.07 million of 0% trigger step securities due Dec. 31, 2026 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are fully guaranteed by JPMorgan Chase & Co.
If the index finishes flat or positive, the payout at maturity will be par of $10 plus the greater of the index’s gain and the 59% step return.
If the index declines but finishes at or above the 80% trigger level, investors will receive par. Otherwise, investors will be fully exposed to the decline of the index from its initial level
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger step securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,068,000
|
| Maturity: | Dec. 31, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes flat or positive, par plus the greater of index gain and 59%; if index declines but finishes at or above trigger level, par; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 4,284.83
|
| Trigger level: | 3,427.86; 80% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
|
|
| Cusip: | 48133A684
|
|
|
© 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.
