By Wendy Van Sickle
Columbus, Ohio, April 19 – JPMorgan Chase Financial Co. LLC priced $4.19 million of 0% capped buffer gears due April 18, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus double any index gain, capped at par plus 25.2%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped buffer gears
|
Underlying index: | S&P 500 index
|
Amount: | $4,188,590
|
Maturity: | April 18, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus two times any index gain, capped at par plus 25.2%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
|
Initial value: | 4,392.59
|
Downside threshold: | 3,953.33; 90% of initial level
|
Pricing date: | April 14
|
Settlement date: | April 21
|
Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
Fees: | 0%
|
Cusip: | 48133B476
|
|
© 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.