By William Gullotti
Buffalo, N.Y., Nov. 20 – JPMorgan Chase Financial Co. LLC priced $2.75 million of 0% buffered digital notes due Oct. 16, 2024 inversely linked to the 10-Year U.S. Dollar SOFR ICE Swap Rate, according to a 424B2 filing with the Securities and Exchange Commission.
If the final reference rate is less than or equal to 118.3% of initial rate, the payout at maturity will be par plus a 12% digital return.
Otherwise, investors will lose 1.22399% for each 1% that the final reference rate increases above the 18.3% buffer.
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: | Buffered digital notes
|
Underlying rate: | 10-Year U.S. Dollar SOFR ICE Swap Rate
|
Amount: | $2.75 million
|
Maturity: | Oct. 16, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 12% digital return if the final reference rate is less than or equal to 118.3% of the initial rate; otherwise, 1.22399% loss for each 1% increase of the reference rate above the buffer
|
Initial rate: | 4.278%
|
Buffer: | 18.3%
|
Strike date: | Sept. 28
|
Pricing date: | Sept. 29
|
Settlement date: | Oct. 4
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48133WS58
|
|
© 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.