By William Gullotti
Buffalo, N.Y., June 29 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% capped barrier notes due May 27, 2025 linked to a basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the VanEck Vectors Oil Services ETF with a 50% weight, the VanEck Vectors Gold Miners ETF with a 25% weight and the iShares Silver Trust with a 25% weight.
If the basket finishes above its initial value, the payout at maturity will be par plus the gain, capped at 77%.
If the basket finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the basket from its initial value.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped barrier notes
|
| Underlying funds: | VanEck Vectors Oil Services ETF (50% weight), VanEck Vectors Gold Miners ETF (25% weight), iShares Silver Trust (25% weight)
|
| Amount: | $1,532,000
|
| Maturity: | May 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 77%; par if basket finishes flat or declines by up to barrier level; 1% loss for every 1% decline from initial value
|
| Initial values: | $212.76 for Oil, $39.29 for Gold, $25.53 for Silver
|
| Barrier level: | 70% of initial basket level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132UAG8
|
|
|
© 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.
