By Kiku Steinfeld
Chicago, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $557,000 of 0% uncapped dual directional accelerated barrier notes due Jan. 17, 2025 linked to the iShares MSCI EAFE ETF and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 211% of the return of the worst performing asset.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but finishes at or above the 85% barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it ends below the barrier.
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: | Uncapped dual directional accelerated barrier notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $557,000
|
| Maturity: | Jan. 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains, par plus 211% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but finishes above 85% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
|
| Initial levels: | 4,272.19 for Euro Stoxx, $79 for EAFE ETF
|
| Upside leverage: | 211%
|
| Cap: | None
|
| Barriers: | 3,631.3615 for Euro Stoxx, $67.15 for EAFE ETF, 85% of initial levels
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133CC34
|
|
|
© 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.
