New Issue: JPMorgan prices $9.68 million capped dual directional buffered equity notes on indexes

By William Gullotti

Buffalo, N.Y., July 12 – JPMorgan Chase Financial Co. LLC priced $9.68 million of 0% capped dual directional buffered equity notes due Aug. 3, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout will be par plus that index’s return, subject to a maximum payout of par plus 30%.

The payout will be par plus the absolute value of the worst performing index return if that index declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 10%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional buffered equity notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$9,681,000
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus that index return capped at 30%; if worst performing index declines by no more than 10%, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% decline of worst performer beyond 10%
Initial levels:	1,707.99 for Russell, 3,785.38 for S&P
Cap:	30%
Buffer:	10%
Pricing date:	June 30
Settlement date:	July 6
Agent:	J.P. Morgan Securities LLC
Fees:	0.11547%
Cusip:	48133GPP2

© 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.