By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – JPMorgan Chase Financial Co. LLC priced $4.2 million of 0% uncapped dual directional contingent buffered equity notes due Sept. 1, 2022 linked to the Russell 2000 index and the S&P 500 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 the greater of the gain of the worse performing index and 39%.
If either index falls but by no more than the 30% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more 30%, 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 dual directional contingent buffered equity notes
|
Underlying indexes: | Russell 2000 and S&P 500
|
Amount: | $4,195,000
|
Maturity: | Sept. 1, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains, par greater of return of worse performing index and 39%; if either index falls but by no more than 30% contingent buffer, par plus absolute value of return of worse performing index; if either index falls by more than 30%, investors will lose 1% for each 1% decline of the worse performing index
|
Initial levels: | 2,444.24 for S&P and 1,382.229 for Russell
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3.78209%
|
Cusip: | 46647M2G7
|
|
© 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.