By Wendy Van Sickle
Columbus, Ohio, March 3 – JPMorgan Chase Financial Co. LLC priced $825,000 of 0% capped buffered equity notes due Feb. 28, 2020 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain in the fund, up to a maximum return of 38.75%.
Investors will receive par if the fund falls by up to 10% and will be lose 1% for each 1% beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | Financial Select Sector SPDR
|
| Amount: | $825,000
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the fund, capped at 38.75%; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial level: | $24.61
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 46646QLA1
|
|
|
© 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.
