Chicago, March 16 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% buffered digital notes due April 15, 2024 linked to the lesser performing of the Russell 2000 index and S&P 500 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 15% buffer the payout at maturity will be par plus 11.05%. Investors will lose 1% for every 1% the worst performing index declines beyond its 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: | Russell 2000 index and S&P 500 index
|
Amount: | $1.21 million
|
Maturity: | April 15, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains or declines but by no more than 15% buffer, par plus 11.05%; 1% loss for every 1% that worst performing index declines beyond the buffer
|
Initial levels: | 1,772.702 for Russell, 3,861.59 for S&P
|
Buffer: | 15%
|
Call: | Non-callable
|
Pricing date: | March 10
|
Settlement date: | March 15
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.35%
|
Cusip: | 48133UXR8
|
|
© 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.