Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $1.69 million of capped dual directional buffered equity notes due Feb. 26, 2021 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.
The payout at maturity will be par plus the lesser performing index return, subject to a maximum upside return of 15%.
If either index falls, but not more than 10%, investors will receive par plus the absolute value of the lesser performing index.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Capped dual directional buffered equity notes
|
| Underliers: | Russell 2000 index and the S&P 500 index
|
| Amount: | $1,692,000
|
| Maturity: | Feb. 26, 2021
|
| Price: | Par
|
| Payout at maturity: | Par plus lesser performing index return if both finish above initial levels, subject to maximum payment of par plus 15%; if either index falls but not more than 10% investors receive par plus absolute index return of lesser performing index; exposure to losses of worst performer beyond 10% buffer
|
| Initial levels: | 1,456.039 for Russell and 2,869.16 for S&P 500
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.91813%
|
| Cusip: | 48132CG80
|
|
|
© 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.
