By Wendy Van Sickle
Columbus, Ohio, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $31.03 million of 0% capped buffered enhanced participation equity notes due Nov. 23, 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 level, the payout at maturity will be par plus 150% of the gain up to a maximum settlement amount of $1,231 for each $1,000 principal amount.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for each 1% decline beyond the buffer.
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: | Buffered enhanced participation equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $31,026,000
|
| Maturity: | Nov. 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at 23.1%; if index falls by up to 10%, par; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 2,690.73
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130WBZ3
|
|
|
|
|
© 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.
