By Angela McDaniels
Tacoma, Wash., March 28 – JPMorgan Chase Financial Co. LLC priced $1.15 million of 0% uncapped dual directional contingent buffered equity notes due March 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 30% or if the final level of each index is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
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: | S&P 500 and Russell 2000
|
| Amount: | $1,149,000
|
| Maturity: | March 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus lesser-performing index’s return; if final level of one index is greater than or equal to initial level and final level of other index is less than initial level by up to 30% or if final level of each index is less than initial level by up to 30%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Initial index levels: | 2,818.46 for S&P 500 and 1,528.166 for Russell 2000
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.09052%
|
| Cusip: | 48130W3T6
|
© 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.
