New York, March 15 – JPMorgan Chase Financial Co. LLC priced $4.05 million of 0% buffered digital notes due March 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above initial level, the payout at maturity will be par plus 14.2%.
Investors will receive par if the index falls by no more than 10% and lose 1% for every 1% the index declines beyond 10%.
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: | $4.05 million
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, par plus 14.2%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 3,992.01
|
| Buffer: | 10%
|
| Strike date: | March 8
|
| Pricing date: | March 9
|
| Settlement date: | March 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
|
|
| Cusip: | 48133UZ88
|
|
|
|
|
© 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.
