By Wendy Van Sickle
Columbus, Ohio, June 19 – JPMorgan Chase Financial Co. LLC priced $719,000 of 0% capped dual directional buffered equity notes due June 15, 2023 tied to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 719B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the return of the lesser performing index up to par plus 43%.
If either index falls but by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 15%, investors will lose 1% for each 1% decline of the worst performing index with full exposure to losses.
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: | Capped dual directional buffered equity notes
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Underlying indexes: | Nasdaq-100 and S&P 500
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Amount: | $719,000
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Maturity: | June 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus the return of lesser performing index up to par plus 43%; if either index falls by up to 10%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index with full exposure to losses
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Initial levels: | 9,663.774 for Nasdaq-100 and 3,041.31 for S&P 500
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Buffer level: | 85% of initial levels
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Pricing date: | June 12
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Settlement date: | June 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132MGB1
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