New York, June 24 – JPMorgan Chase Financial Co. LLC priced $4.97 million of 0% digital contingent buffered notes due July 5, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by no more than 25%, the payout at maturity will be par plus 10.5%.
Otherwise, investors will lose 1% for each 1% of index from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4.97 million
|
| Maturity: | July 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or declines by no more than 25%, par plus 10.5%; otherwise, investors will lose 1% for each 1% of index from initial level
|
| Initial level: | 3,666.77
|
| Digital payment: | 10.5%
|
| Buffer: | 25%
|
| Strike date: | June 16
|
| Pricing date: | June 17
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133GE66
|
|
|
|
|
© 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.
