By Marisa Wong
Morgantown, W.Va., April 2 – JPMorgan Chase Financial Co. LLC priced $1.79 million of 0% buffered return enhanced notes due March 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.
If the index finishes above its initial value, the payout at maturity will be par plus 1.16 times the gain.
If the index finishes flat or declines by up to 20%, the payout will be par. Investors will lose 1.25% for every 1% index decline beyond 20%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,785,000
|
| Maturity: | March 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.16 times any index gain; par if index declines by up to 20%; 1.25% loss for every 1% drop beyond 20%
|
| Initial value: | 2,588.26
|
| Pricing date: | March 23
|
| Settlement date: | March 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48129MET9
|
|
|
© 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.
