By Sarah Lizee
Olympia, Wash., Sept. 10 – JPMorgan Chase Financial Co. LLC priced $700,000 of uncapped dual directional buffered return enhanced notes due Aug. 31, 2021 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.4 times the lesser performing underlying return if both underliers finish above their initial values.
If either index declines, but not more than 15%, investors will receive the absolute value of the index return of the lesser performing underlier.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underliers: | iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index
|
| Amount: | $700,000
|
| Maturity: | Aug. 31, 2021
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times worst performing underlier return if above initial level; par plus absolute value of underlier return of lesser performing underlier if worst performer falls, but not more than 15%; otherwise exposure to losses beyond 15% buffer
|
| Initial level: | $63.21 for iShares and 3,426.76 for Stoxx
|
| Buffer level: | 85% of initial levels
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50572%
|
| Cusip: | 48132CN90
|
© 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.
