By Sarah Lizee
Olympia, Wash., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $414,000 of 0% uncapped dual directional contingent buffered equity notes due Jan. 31, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par the return of the lesser-performing index, subject to a contingent minimum return of 37%.
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered equity notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $414,000
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus return of the lesser-performing index, subject to a contingent minimum return of 37%; if either index falls by up to 30%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 2,643.85 for S&P and 1,473.536 for Russell
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.07941%
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Cusip: | 48130WPA3
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