By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $3.61 million of 0% capped enhanced participation equity notes due March 26, 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 3 times the index return, subject to a maximum settlement amount of $1,159 per $1,000 principal amount of notes.
If the index return is negative, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,609,000
|
| Maturity: | March 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, up to a maximum settlement amount of $1,159 per $1,000 principal amount; exposure to any losses
|
| Initial index level: | 2,919.37
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.67%
|
| Cusip: | 48130ULF0
|
|
|
© 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.
