Published on 11/4/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.97 million dual directional contingent buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $1.97 million of 0% dual directional contingent buffered return enhanced notes due Nov. 1, 2021 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 positive, the payout at maturity will be par plus 1.65 times the index gain. If the index declines by up to 13%, the payout will be par plus the absolute value of the index return. If the index declines by more than 13%, investors will lose 1% for every 1% that the final index level is less than the initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Dual directional contingent buffered return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $1,971,000
|
Maturity: | Nov. 1, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 1.65 times index return; if index falls by up to 13%, par plus absolute value of index return; otherwise, 1% loss for every 1% that final index level is less than initial level
|
Initial index level: | 2,133.04
|
Pricing date: | Oct. 27
|
Settlement date: | Nov. 1
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.25%
|
Cusip: | 46646E2Y7
|
|
© 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.