New Issue: JPMorgan sells $2.58 million uncapped dual directional notes on S&P 500

New York, Dec. 7 – JPMorgan Chase & Co. priced $2.58 million of 0% uncapped dual directional notes due Nov. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final value of the index is greater than or equal to the initial value, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 33%.

If the index declines by up to the contingent buffer amount of 25%, the payout at maturity will be par plus the absolute value of the index return.

If the index falls by more than 25%, investors will be fully exposed to the loss.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Uncapped dual directional notes
Underlying index:	S&P 500
Amount:	$2,575,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus the greater of the index return and the contingent minimum return of 33%; if index falls by up to 25%, par plus absolute value of index return; otherwise, full exposure to losses
Initial level:	2,088.87
Contingent minimum return:	33%
Buffer amount:	25%
Pricing date:	Nov. 25
Settlement date:	Nov. 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.82184%
Cusip:	48128GCT5

© 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.