By Marisa Wong
Los Angeles, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered return enhanced notes due Oct. 15, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial value, the payout at maturity will be par plus the index return, with the payout capped at par plus 15.42%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
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: | Russell 2000 index
|
| Amount: | $500,000
|
| Maturity: | Oct. 15, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain, capped at par plus 15.42%; par if index falls by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 1,526.480
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132MW72
|
|
|
© 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.
