By Susanna Moon
Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $1.96 million 0% buffered return enhanced notes due Dec. 27, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.05 times the gain of the worse performing index.
If either index falls by up to 25%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,964,000
|
| Maturity: | Dec. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.05 times return of worse performing index; if either index falls by up to 25%, par; otherwise, 1% loss per 1% drop of worse performing index beyond 25%
|
| Initial index levels: | 1,547.107 for Russell and 2,684.57 for S&P
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.86393%
|
| Cusip: | 48129HSW8
|
|
|
|
|
|
|
|
|
© 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.
