By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $5.55 million of 0% capped dual directional contingent buffered equity notes due March 8, 2023 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 above its initial level, the payout at maturity will be par plus the gain of the index, capped at 5%.
If the index falls but by no more than 27%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5.55 million
|
| Maturity: | March 8, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus gain of index, capped at 5%; if index falls by up to 27%, par plus absolute value of return; otherwise, 1% loss for each 1% decline of index from initial level
|
| Initial level: | 2,009.333
|
| Final level: | Average of index closing levels for five trading days ending March 3, 2023
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133DCQ1
|
|
|
© 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.
