By Marisa Wong
Morgantown, W.Va., March 22 – JPMorgan Chase Financial Co. LLC priced $10.45 million of 0% capped buffered return enhanced notes due March 19, 2020 linked to an unequally weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,200 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 18% and will lose 1% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 (50% weight), Euro Stoxx 50 index (30% weight), iShares MSCI Emerging Markets ETF (20% weight)
|
| Amount: | $10,447,000
|
| Maturity: | March 19, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, with return capped at 20%; par if basket falls by up to 18%; otherwise, 1% loss for each 1% decline beyond 18%
|
| Initial values: | 2,752.01 for S&P, 3,437.40 for Euro Stoxx and $49.21 for ETF
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.34296%
|
| Cusip: | 48129MEP7
|
© 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.
