By William Gullotti
Buffalo, N.Y., Nov. 7 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% capped dual directional buffered return enhanced notes due Nov. 5, 2025 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.25 times the lesser-performing index’s return, subject to a maximum upside return of par plus 22.5%.
If the final level of the lesser-performing is flat or falls by up to 20%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines 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 dual directional buffered return enhanced notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $1.03 million
|
| Maturity: | Nov. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 1.25 times lesser-performing index’s return, subject to maximum upside return of par plus 22.5%; if final level of lesser-performing index is equal to initial level or is less than initial level by up to 20%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Initial levels: | 4,193.8 for S&P, 33,052.87 for Dow
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.46631%
|
| Cusip: | 48134BND1
|
|
|
© 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.
