By Marisa Wong
Morgantown, W.Va., Sept. 13 – JPMorgan Chase Financial Co. LLC priced $5.39 million of 0% uncapped dual directional contingent buffered equity notes due Aug. 31, 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 zero or positive, the payout at maturity will be par plus the index return.
If the index return is negative but the index never closes below its initial value by more than 26.5% during the life of the notes, the payout will be par plus the absolute value of the index return.
If the index return is negative and the index closes below its initial value by more than 26.5% on any day during the life of the notes, the payout will be par plus the index return with full exposure to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $5,392,000
|
| Maturity: | Aug. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is zero or positive, par plus the index return; if the index return is negative but the index never closes below its initial value by more than 26.5% during the life of the notes, par plus the absolute value of the index return; otherwise, par plus the index return with full exposure to losses
|
| Initial value: | 2,897.52
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UCQ6
|
|
|
© 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.
