By Marisa Wong
Morgantown, W.Va., April 29 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered return enhanced notes due April 5, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 4 times the gain with the payout capped at par plus 120%.
If the index finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $500,000
|
Maturity: | April 5, 2024
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 4 times any index gain, capped at par plus 120%; par if index finishes flat or declines by up to 20%; exposure to losses beyond 20%
|
Initial value: | 3,385.38
|
Pricing date: | April 1
|
Settlement date: | April 8
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48130WL66
|
|
© 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.