By Kiku Steinfeld
Chicago, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $2.15 million of 0% capped buffered equity notes due Dec. 3, 2021 linked to the least performing of the S&P 500 index and the Nasdaq-100 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 least performing index, capped at par plus 11.15%.
If any index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond the 20% buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffered equity notes
|
Underlying indexes: | S&P 500 index and Nasdaq-100 index
|
Amount: | $2,150,000
|
Maturity: | Dec. 3, 2021
|
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 the return of the least performing index, capped at par plus 11.15%; if any index falls by up to 20%, par; 1% loss for every 1% that the least performing index declines beyond 20%
|
Initial levels: | 3,269.96 for S&P, 11,052.95 for Nasdaq
|
Buffer levels: | 80% of initial levels
|
Pricing date: | Oct. 30
|
Settlement date: | Nov. 4
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.35%
|
Cusip: | 48132PSX3
|
|
© 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.