By Angela McDaniels
Tacoma, Wash., June 18 – JPMorgan Chase Financial Co. LLC priced $1.76 million of 0% capped dual directional contingent buffered equity notes due July 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 7%.
If the final index level is less than the initial index level by up to 17.4%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 17.4%, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,757,000
|
| Maturity: | July 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum upside return of 7%; if final index level is less than initial index level by up to 17.4%, par plus absolute value of index return; if final index level is less than initial index level by more than 17.4%, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 2,886.98
|
| Final level: | Average of index’s closing levels on five trading days ending June 26, 2020
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CUZ4
|
© 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.
