New York, Aug. 12 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped buffered equity notes due Aug. 22, 2023 linked to the Health Care Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus the return of the ETF, capped at par plus 18.55%.
The payout will be par if the ETF declines by no more than 20%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 20%.
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: | Capped buffered equity notes
|
Underlying ETF: | Health Care Select Sector SPDR Fund
|
Amount: | $3 million
|
Maturity: | Aug. 22, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF gains, par plus ETF return capped at 18.55%; par if ETF declines by no more than 20%; otherwise, 1% loss for every 1% that ETF declines beyond 20%
|
Initial level: | $131.50
|
Cap: | 18.55%
|
Buffer: | 20%
|
Strike date: | Aug. 4
|
Pricing date: | Aug. 5
|
Settlement date: | Aug. 10
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
|
Cusip: | 48133LYV8
|
|
|
© 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.