By Marisa Wong
Morgantown, W.Va., May 8 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% dual directional contingent buffered return enhanced notes due April 29, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.25 times the gain of the worse performing index.
If either index falls but by no more than the 37% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more 37%, investors will lose 1% for each 1% decline of the worse performing index.
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: | Dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,551,000
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Maturity: | April 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above the initial level, par plus 1.25 times the gain of the worse performing index; if either index falls but by no more than the 37% contingent buffer, par plus absolute value of the return of the worse performing index; if either index falls by more 37%, 1% loss for each 1% decline of the worse performing index
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Initial levels: | 2,388.61 for S&P and 1,411.077 for Russell
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.10243%
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Cusip: | 46646Q2L8
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