By Marisa Wong
Morgantown, W.Va., May 1 – JPMorgan Chase Financial Co. LLC priced $4.7 million of 0% uncapped contingent buffered return enhanced notes due April 26, 2022 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.4 times the gain of the worse performing index.
If either index falls but by no more than the 50% contingent buffer, the payout will be par.
If either index falls by more 50%, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped contingent buffered return enhanced notes
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $4.7 million
|
Maturity: | April 26, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above the initial level, par plus 1.4 times the gain of the worse performing index; if either index falls but by no more than the 50% contingent buffer, par; if either index falls by more 50%, 1% loss for each 1% decline of the worse performing index
|
Initial levels: | 2,348.69 for S&P and 1,379.854 for Russell
|
Pricing date: | April 21
|
Settlement date: | April 26
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3.5%
|
Cusip: | 46646QRA5
|
|
© 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.