By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $490,000 of 0% contingent buffered digital notes due Oct. 9, 2020 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its initial level or is less than its initial level by up to 30%, the payout at maturity will be par plus 9.25%.
If the final level of either index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing 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: | Contingent buffered digital notes
|
Underlying indexes: | S&P 500 and Nasdaq-100
|
Amount: | $490,000
|
Maturity: | Oct. 9, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final level of each index is greater than or equal to initial level or is less than initial level by up to 30%, par plus 9.25%; if final level of either index is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing index declines from initial level
|
Initial levels: | 2,978.71 for S&P 500 and 7,852.539 for Nasdaq-100
|
Pricing date: | Sept. 6
|
Settlement date: | Sept. 11
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.55868%
|
Cusip: | 48132FLF1
|
|
© 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.