By Susanna Moon
Chicago, June 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional contingent buffered notes due June 13, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 7.4%.
If the index falls by up to the 20% contingent buffer, the payout will be par plus 50% of the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
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: | Digital dual directional notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | June 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 7.4%; if index falls by up to 20%, par plus 50% of absolute return; otherwise, full exposure to any losses
|
| Initial index level: | 1,396.674
|
| Contingent buffer: | 20%
|
| Pricing date: | June 7
|
| Settlement date: | June 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 46647MGU1
|
|
|
|
|
© 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.
