By Marisa Wong
Morgantown, W.Va., June 19 – JPMorgan Chase Financial Co. LLC priced $902,000 of 0% uncapped dual directional contingent buffered return enhanced notes due May 31, 2024 linked to the lesser performing of the Russell 2000 index and 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 each index finishes above its initial level, the payout at maturity will be par plus 1.08 times the return of the lesser-performing index.
If either index falls but neither falls by more than the 35% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 35%, investors will lose 1% for each 1% decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $902,000
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.08 times return of the lesser-performing index; if either index falls but neither falls by more than 35%, par plus absolute value of return of lesser-performing index; otherwise, 1% loss for each 1% decline of the lesser-performing index
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Initial levels: | 1,504.019 for Russell and 2,802.39 for S&P
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.102%
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Cusip: | 48132CFT5
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