By Sarah Lizee
Olympia, Wash., Dec. 6 – JPMorgan Chase Financial Co. LLC priced $438,000 of 0% uncapped contingent buffered return enhanced notes due Nov. 30, 2023 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 121% of its initial level, the payout will be par plus 1.2 times any return of the lesser performing index above 21%.
If each index gains by up to 120% of its initial level or falls by up to 40%, the payout will be par plus 21%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $438,000
|
| Maturity: | Nov. 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above 121% of its initial level, par plus 1.2 times any return of the lesser performing index above 21%; if each index gains by up to 120% of its initial level or falls by up to 40%, par plus 21%; otherwise, 1% loss for each 1% decline of the worse performing index
|
| Initial levels: | 1,533.266 for Russell and 2,760.17 for S&P
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.60017%
|
| Cusip: | 48130UY82
|
© 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.
