New York, Aug. 1 – JPMorgan Chase Financial Co. LLC priced $3.2 million of 0% buffered digital notes due Aug. 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes flat or positive, the payout at maturity will be par plus 12%
If the index declines by no more than 15%, the payout at maturity will be par. Investors will lose 1% for every 1% of decline in the index beyond 15%.
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: | Buffered digital notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3.2 million
|
| Maturity: | Aug. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, par plus 12%; if index declines by no more than 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 4,023.61
|
| Buffer: | 15%
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
|
|
| Cusip: | 48133L3G5
|
|
|
|
|
© 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.
