By Angela McDaniels
Tacoma, Wash., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $163,000 of 0% capped buffered return enhanced notes due May 31, 2019 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 positive, the payout at maturity will be par plus two times the index return, subject to a maximum return of 22%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index may decline beyond 10%.
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 index: | S&P 500
|
Amount: | $163,000
|
Maturity: | May 31, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus two times any index gain, up to 22% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
|
Initial index level: | 2,169.04
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.25%
|
Cusip: | 46646ERP9
|
|
|
© 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.