New Issue: JPMorgan sells $4,000 capped buffered return enhanced notes on ARK ETF

By Taylor Fox

New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $4,000 of capped buffered return enhanced notes due Feb. 18, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 25%.

If the ETF declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying ETF:	ARK Innovation ETF
Amount:	$4,000
Maturity:	Feb. 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 25%; if the ETF declines by up to 15%, the payout will be par; otherwise, investors will lose 1% for each 1% decline beyond 15%
Initial level:	$137.44
Buffer level:	85% of initial level
Pricing date:	Feb. 11
Settlement date:	Feb. 17
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132R4P2

© 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.