By William Gullotti
Buffalo, N.Y., June 17 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% uncapped dual directional buffered equity notes June 5, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the gain of the worst performer if each index finishes above initial levels.
If the worst performer declines no farther than its 85% buffer level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer below 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $1,533,000
|
| Maturity: | June 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish above initial level, par plus return of worst performer; if the worst performer declines but finishes at or above buffer level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer below buffer
|
| Initial index levels: | 4,132.15 for S&P, 1,864.043 for Russell
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64129%
|
| Cusip: | 48133F5Z4
|
|
|
© 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.
