By Marisa Wong
Morgantown, W.Va., March 2 – JPMorgan Chase Financial Co. LLC priced $1.96 million of 0% uncapped contingent buffered equity notes due Aug. 28, 2023 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.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 50% and will lose 1% for each 1% decline from the initial level if the index falls by more than the 50% 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: | $1,962,000
|
Maturity: | Aug. 28, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if the index falls by up to 50%; 1% loss for each 1% decline from the initial level if the index falls by more than the 50% contingent buffer
|
Initial level: | 2,747.30
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 48129HS81
|
|
© 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.