By Susanna Moon
Chicago, Oct. 15 – JPMorgan Chase Financial Co. LLC priced $1.46 million of 0% dual directional contingent buffered equity notes due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus the gain.
If the asset never falls by more than the 27% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $1.46 million
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any asset gain; if asset never falls by more than 27%, par plus absolute return; otherwise, 1% loss for each 1% decline
|
| Initial level: | 2,915.56
|
| Contingent buffer: | 27%
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130UKX2
|
|
|
|
|
|
|
|
|
© 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.
