By Marisa Wong
Los Angeles, May 18 – JPMorgan Chase Financial Co. LLC priced $4.09 million of 0% digital equity notes due Dec. 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,152.50 per $1,000 of notes.
Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,093,000
|
| Maturity: | Dec. 15, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 12.5%, par plus 15.25%; otherwise, 1.1429% loss for every 1% index decline beyond 12.5%
|
| Initial level: | 2,912.43
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132KZY4
|
|
|
© 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.
