New York, June 27 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% capped buffered return enhanced notes due June 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 200% of the return of the index, subject to a maximum payout of par plus 36.7%.
The payout will be par if the index declines by no more than 20%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
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: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,212,000
|
| Maturity: | June 23, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 200% of index return, capped at par plus 36.7%; par if index declines by no more than 20%; otherwise, investors will lose 1% for every 1% that the index declines beyond 20%
|
| Initial level: | 3,674.84
|
| Upside leverage: | 200%
|
| Cap: | 36.7%
|
| Buffer: | 20%
|
| Pricing date: | June 17
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
|
|
| Cusip: | 48133GZY2
|
|
|
|
|
© 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.
