By Marisa Wong
Morgantown, W.Va., May 7 – JPMorgan Chase Financial Co. LLC priced $770,000 of 0% buffered digital notes due April 30, 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 finishes at or above 90% of its initial level, the payout at maturity will be par plus 9.5%.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co
|
Issue: | Buffered digital notes
|
Underlying index: | S&P 500
|
Amount: | $770,000
|
Maturity: | April 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above 90% of initial level, par plus 9.5%; otherwise, 1% loss per 1% drop beyond 10%
|
Initial level: | 2,639.40
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.8%
|
Cusip: | 48129MGD2
|
|
© 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.