By Taylor Fox
New York, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% capped dual directional contingent buffered equity notes due May 3, 2022 tied to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the lesser performing index return capped at par plus 18%.
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 30%, investors will lose 1% for each 1% decline of the lesser-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional contingent buffered equity notes
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Underlying indexes: | Nasdaq-100 and Russell 2000 index
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Amount: | $1,550,000
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Maturity: | May 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus lesser performing index return, capped at par plus 18%; if either index falls by up to 30%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 11,142.76 for Nasdaq and 1,543.275 for Russell
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Buffer levels: | 70% of initial levels
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Pricing date: | Oct. 28
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Settlement date: | Nov. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48132PSA3
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