New York, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $10.6 million of 0% dual directional buffered participation securities due Sept. 6, 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 100% of the index return subject to a maximum return of par plus 7.1%.
Investors will receive par plus 100% of absolute return of the index if it declines but by no more than the 15% buffer and will be exposed to any decline in the index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional buffered participation securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $10,597,000
|
| Maturity: | Sept. 6, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of index is positive, par plus 100% of index return subject to a maximum return of par plus 7.1%; par plus 100% of absolute return of index if it declines but by no more than 15%; exposure to loss of index beyond buffer
|
| Initial level: | 4,588.96
|
| Upside leverage: | 100%
|
| Cap: | 7.1%
|
| Absolute return: | 100%
|
| Buffer: | 15%
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley
|
| Fees: | 2.25% including a structuring fee of 0.5%
|
| Cusip: | 48133YLS1
|
|
|
|
|
|
|
© 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.
