New Issue: JPMorgan prices $20.79 million dual directional trigger PLUS linked to S&P 500

New York, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $20.79 million of 0% dual directional trigger PLUS due July 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 20%.

Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Dual directional trigger PLUS
Underlying index:	S&P 500 index
Amount:	$20,788,390
Maturity:	July 3, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to a maximum return of par plus 20%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to decline of index from initial level
Initial level:	3,849.28
Principal barrier:	3,079.424, 80% of initial level
Upside leverage:	150%
Cap:	20%
Pricing date:	Dec. 29
Settlement date:	Jan. 5
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2.5% including a structuring fee of 0.5%
Cusip:	48133K302

© 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.