New York, July 13 – JPMorgan Chase Financial Co. LLC priced $18.63 million of 0% Buffered PLUS due Jan. 6, 2026 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 200% of the index return subject to a maximum return of par plus 26.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | Buffered PLUS
|
Underlying index: | S&P 500 index
|
Amount: | $18.63 million
|
Maturity: | Jan. 6, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of index return subject to a maximum return of par plus 26.3%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
Initial level: | 4,450.38
|
Buffer: | 10%
|
Upside leverage: | 200%
|
Cap: | 26.3%
|
Pricing date: | June 30
|
Settlement date: | July 6
|
Agent: | J.P. Morgan Securities LLC
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 3% including a structuring fee of 0.5%
|
Cusip: | 48133XSX5
|
|
|
|
© 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.