By Sarah Lizee
Olympia, Wash., July 31 – JPMorgan Chase Financial Co. LLC priced $3.03 million of 0% autocallable buffered return enhanced notes due Aug. 2, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 9% call return if each index closes above its initial level on July 30, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus 2 times the gain of the worse performing index.
Investors will receive par if each index falls by up to 10% and will lose 1% for every 1% decline of the worse performing index beyond the buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable buffered return enhanced notes
|
Underlying indexes: | S&P 500 index and Russell 2000 index
|
Amount: | $3,025,000
|
Maturity: | Aug. 2, 2022
|
Coupon: | 0%
|
Price: | Par
|
Call: | At par plus 9% call return if each index closes above its initial level on July 30, 2021
|
Payout at maturity: | If each index finishes above its initial level, par plus 2 times the gain of the worse performing index; par if each index falls by up to 10%; 1% loss for every 1% decline of the worse performing index beyond the buffer
|
Initial levels: | 3,218.44 for S&P, 1,469.755 for Russell
|
Buffer levels: | 90% of initial level
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.1538%
|
Cusip: | 48132MPZ8
|
|
© 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.