New York, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered return enhanced notes due Dec. 29, 2023 linked to the Nasdaq-100 index, the S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout will be par plus 200% of that asset’s return, capped at par plus 20%.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing asset declines beyond 15%.
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 dual directional buffered return enhanced notes
|
Underlying assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
|
Amount: | $1 million
|
Maturity: | Dec. 29, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing asset gains, par plus 200% of that asset return, capped at par plus 20%; par plus absolute value of worst performing asset return if worst performing asset declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing asset declines beyond 15%
|
Initial levels: | 11,311.24 for Nasdaq-100, 3,693.23 for S&P 500, $132.98 for iShares Russell 2000 Value ETF
|
Cap: | 20%
|
Buffer: | 15%
|
Pricing date: | Sept. 23
|
Settlement date: | Sept. 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.225%
|
|
Cusip: | 48133NGK8
|
|
|
© 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.