By Sarah Lizee
Olympia, Wash., Jan. 3 – JPMorgan Chase Financial Co. LLC priced $3.36 million of 0% trigger jump securities due Dec. 31, 2020 linked to the Hang Seng China Enterprises index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will equal par of $10 plus 30.75%.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Hang Seng China Enterprises
|
| Amount: | $3,362,500
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 30.75%; par if index falls by up to 15%; otherwise, 1% loss for each 1% decline from the initial level
|
| Initial index level: | 9,992.22
|
| Trigger value: | 8,493.387, 85% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48130X505
|
© 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.
