By Marisa Wong
Los Angeles, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $825,000 of 0% capped buffered return enhanced notes due March 25, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 12%.
If the fund finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying fund: | iShares MSCI EAFE ETF
|
Amount: | $825,000
|
Maturity: | March 25, 2022
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 1.5 times any fund gain, capped at par plus 12%; par if fund declines by up to 10%; exposure to losses beyond 10%
|
Initial value: | $63.46
|
Pricing date: | Sept. 22
|
Settlement date: | Sept. 25
|
Agents: | J.P. Morgan Securities LLC
|
Fees: | 0.25%
|
Cusip: | 48132PDS0
|
|
© 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.