By Susanna Moon
Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% autocallable contingent buffered return enhanced notes due April 28, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 14% if each index closes at or above its call level on any annual review date other than the final date.
If each underlying index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing asset.
If either asset falls but by no more than the 50% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent buffered return enhanced notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $2.07 million
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 14% per year if each index closes at or above its call level on any annual review date beginning May 1, 2019 other than final date
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Payout at maturity: | If each asset gains, par plus 1.5 times return of worse performing asset; if either asset falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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Initial levels: | 1,541.884 for Russell and 3,536.52 for Stoxx
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Contingent buffer: | 50%
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95713%
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Cusip: | 48129MJB3
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