By Marisa Wong
Morgantown, W.Va., Jan. 28 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% capped notes due Jan. 27, 2020 linked to the dollar/offshore Chinese renminbi exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The currency return will be positive if the dollar strengthens relative to the offshore renminbi.
If the currency return is positive, the payout at maturity will be par plus the currency return, up to a maximum return of 18.15%.
If the currency return is zero or negative, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped notes
|
| Underlying exchange rate: Dollar/offshore Chinese renminbi
|
| Amount: | $300,000
|
| Maturity: | Jan. 27, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the currency return is positive, par plus currency return, up to a maximum return 18.15%; if the currency return is zero or negative, par
|
| Strike rate: | 6.7888
|
| Pricing date: | Jan 18
|
| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48130UPZ2
|
|
|
© 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.
