By Wendy Van Sickle
Columbus, Ohio, July 17 – JPMorgan Chase Financial Co. LLC priced $1.76 million of 0% autocallable contingent buffered equity notes due June 30, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 13.75% if each index closes at or above its initial level on any review date other than the final date.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index.
If either index falls by up to the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Autocallable contingent buffered equity notes
|
Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
Amount: | $1,762,000
|
Maturity: | June 30, 2023
|
Coupon: | 0%
|
Price: | Par
|
Call: | At par plus 13.75% if each index closes at or above initial level on any annual review date other than the final date
|
Payout at maturity: | If each index gains, par plus return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
|
Initial levels: | 1,643.069 for Russell and 3,395.6 for Stoxx
|
Contingent buffer: | 50%
|
Pricing date: | June 29
|
Settlement date: | July 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.81938%
|
Cusip: | 48129MWT9
|
|
|
© 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.