By Kiku Steinfeld
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $1.56 million of 0% capped buffered return enhanced notes due June 15, 2021 linked to an unequally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE exchange-traded fund with a 15% weight and the Russell 200 index with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of par plus 16.25%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Basket components: | S&P 500 index (70% weight), iShares MSCI EAFE ETF (15% weight) and Russell 200 index (15% weight)
|
| Amount: | $1,562,000
|
| Maturity: | June 15, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain up to maximum payout of par plus 16.25%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial levels: | 1,523.561 for Russell, 2,886.73 for S&P 500, $65.74 for EAFE
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132CTW3
|
|
|
© 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.
