By Wendy Van Sickle
Columbus, Ohio, April 29 – JPMorgan Chase & Co. priced $1.06 million of dual directional contingent buffered return enhanced notes due April 30, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.225 times the gain of the worse performing index.
If either index falls but each index falls by no more than 30%, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more than the 30%, investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Dual directional contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,057,000
|
| Maturity: | April 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both indexes gain, par plus 1.225 times worse index’s gain; par plus absolute value of worse performing index if either index falls but neither by more than 30%; full exposure to loss of worse-performing index if either index falls beyond 30%
|
| Initial level: | 2,091.70 for S&P, 1,150.728 for Russell
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.57852%
|
| Cusip: | 48128GSL5
|
|
|
© 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.
