By William Gullotti
Buffalo, N.Y., Oct. 31 – JPMorgan Chase Financial Co. LLC priced $3.78 million of 0% capped buffered return enhanced notes due Sept. 26, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of par plus 40.6%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% loss for each 1% decline 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: | $3,784,000
|
Maturity: | Sept. 26, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus two times any index gain, capped at 40.6%; par if index declines by 20% or less; otherwise, 1.25% loss for each 1% decline beyond 20%
|
Initial value: | 2,339.25
|
Buffer level: | 80% of initial level
|
Pricing date: | Sept. 23
|
Settlement date: | Sept. 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48133NFA1
|
|
© 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.