By Susanna Moon
Chicago, June 6 – JPMorgan Chase Financial Co. LLC priced $98,000 of 0% uncapped buffered return enhanced notes due May 31, 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.
If each index finishes above the initial level, the payout at maturity will be par plus 1.05 times the gain of the worse performing index.
If either index finishes flat or falls but by no more than the 30% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 30%.
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: | Uncapped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $98,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above the initial level, par plus 1.05 times the gain of the worse performing index; if either index falls but by no more than 30%, par; otherwise, 1% loss for each 1% decline of the worse performing index beyond 30%
|
| Initial levels: | 2,415.07 for S&P and 1,383.388 for Russell
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 46647MAU7
|
|
|
|
|
|
|
|
|
© 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.
