By Marisa Wong
Morgantown, W.Va., July 10 – JPMorgan Chase Financial Co. LLC priced $2.61 million of 0% trigger step securities due June 30, 2021 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 zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 20.25%.
Investors will receive par if the index declines by 25% or less and will be exposed to the index’s decline from its initial level if it declines beyond 25%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger step securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,605,940
|
| Maturity: | June 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 20.25% and return; par if index declines by up to 25%; full exposure to losses if index falls beyond 25%
|
| Initial value: | 2,419.38
|
| Downside threshold: | 1,814.54, 75% of initial value
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 3%
|
| Cusip: | 48129G794
|
|
|
© 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.
