By Robert S. Johnson
Princeton, N.J., April 8 – JPMorgan Chase Financial Co. LLC priced $16.67 million of 0% dual directional buffered participation securities due Oct. 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will par of $10 plus the return of the index, subject to a maximum return of 110.3%.
If the index falls but by no more than the 10% buffer, the payout will be par of $10 plus the absolute value of the return.
If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional buffered participation notes
|
| Underlying index: | S&P 500
|
| Amount: | $16,674,870
|
| Maturity: | Oct. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus index return, subject to a maximum return of 110.3%; if the index falls but by no more than 10% , par of $10 plus absolute value of return; if the index falls by more than 10%, investors will lose 1% for each 1% decline beyond buffer
|
| Initial level: | 2,834.40
|
| Pricing date: | March 29
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.5%
|
| Cusip: | 48130X265
|
|
|
|
|
© 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.
