New Issue: JPMorgan sells $10.48 million capped buffered enhanced notes on S&P

By Tali Rackner

Minneapolis, Nov. 20 – JPMorgan Chase Financial Co. LLC priced $10.48 million of 0% capped buffered enhanced participation equity notes due March 4, 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 positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,165.60 per $1,000 principal amount.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$10,475,000
Maturity:	March 4, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 3 times index return, subject to maximum settlement amount of $1,165.60 per note; par if index declines by up to 10%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,579.36
Pricing date:	Nov. 1
Settlement date:	Nov. 8
Agent:	J.P. Morgan Securities LLC
Fees:	2.33%
Cusip:	48129HHC4

© 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.