By Marisa Wong
Morgantown, W.Va., June 3 – JPMorgan Chase Financial Co. LLC priced $769,000 of 0% uncapped contingent buffered equity notes due May 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 31%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index drops by more than the contingent buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $769,000
|
| Maturity: | May 29, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is zero or positive, par plus the greater of the index return and 31%; par if the index falls by up to 25%; full exposure to any losses if index drops by more than the contingent buffer
|
| Initial value: | 2,090.54
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.63654%
|
| Cusip: | 46646EBA9
|
|
|
© 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.
