New York, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% digital contingent buffered notes due Sept. 26, 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 its 35% buffer, the payout at maturity will be par plus 7.75%. The payout will be par less the index decline if the index falls by more than the contingent buffer.
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: | $3 million
|
Maturity: | Sept. 26, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains or declines but by no more than 35% buffer, par plus 7.75%; full exposure to decline if index falls by more than contingent buffer
|
Initial level: | 4,006.18
|
Digital payment: | 7.75%
|
Contingent buffer: | 35%
|
Pricing date: | Sept. 9
|
Settlement date: | Sept. 14
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48133MX47
|
|
|
© 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.