Chicago, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $335,000 of 0% buffered digital notes due March 13, 2023 linked to the lesser performing of the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains or declines but by no more than its 10% digital buffer the payout at maturity will be par plus 6%.
If at least one of the indexes finishes below the 10% digital barrier, but neither falls more than 19.45%, the payout will be par.
Otherwise, investors will lose 1% for every 1% the worst performing index declines beyond the 19.45% buffer.
The notes are non-callable.
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: | Buffered digital notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $335,000
|
| Maturity: | March 13, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains or declines but by no more than 10%, the payout will be par plus 6%; if worst performer declines more than 10% but not more than 19.45% buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond the buffer
|
| Initial levels: | 2,045.374 for Russell, 4,521.54 for S&P
|
| Digital buffer: | 10%
|
| Buffer: | 19.45%
|
| Call: | Non-callable
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48133CP55
|
|
|
© 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.
