By Sarah Lizee
Olympia, Wash., Feb. 14 – JPMorgan Chase Financial Co. LLC priced $5.76 million of 0% uncapped contingent buffered equity notes due Feb. 7, 2025 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the lesser performing index, subject to a contingent minimum return of 55%.
If either index falls by up to 20%, the payout at maturity will be par.
If either index falls by more than 20% investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped contingent buffered equity notes
|
Underlying indexes: | Nasdaq-100 and Russell 2000
|
Amount: | $5,759,000
|
Maturity: | Feb. 7, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus greater of return of the lesser performing index and 55%; if either index falls by up to the contingent buffer, par; if either index falls by more than contingent buffer, 1% loss for every 1% that the lesser-performing index declines from its initial level
|
Initial levels: | 9,334.056 for Nasdaq, 1,656.768 for Russell
|
Contingent buffer level: | 80% of initial levels
|
Pricing date: | Feb. 4
|
Settlement date: | Feb. 7
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.75
|
Cusip: | 48132H4W9
|
|
© 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.