Chicago, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $7 million of 0% uncapped dual directional buffered return enhanced notes due April 14, 2025 linked to the lesser performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 15% buffer.
Investors will lose 1.17647% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional buffered return enhanced notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $7,000,000
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Maturity: | April 14, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than 15% buffer; 1.17647% loss for every 1% that worst performing index declines beyond the buffer
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Call: | Non-callable
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Initial levels: | 1,968.035 for Russell, 4,756.50 for S&P
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Buffer levels: | 85% of initial levels
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Cap: | None
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Buffer: | 15%
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Pricing date: | Jan. 9
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Settlement date: | Jan. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48134TNU4
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