By William Gullotti
Buffalo, N.Y., March 22 – JPMorgan Chase Financial Co. LLC priced $1.71 million of 0% uncapped dual directional buffered return enhanced notes due March 20, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.172 times the return of the least performing index.
If the worst performer declines but finishes at or above 90% of initial level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for every 1% decline of the worst performer below 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $1,714,000
|
| Maturity: | March 20, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.172 times the return of the worst performer; if worst performer declines up to 10%, par plus absolute value of return of that index; otherwise, 1% loss for every 1% decline of worst performer below 10%
|
| Initial levels: | 3,891.93 for S&P, 1,745.945 for Russell
|
| Absolute return barrier: | 90% of initial levels
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48133UV74
|
|
|
© 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.
