By Sarah Lizee
Olympia, Wash., Nov. 15 – JPMorgan Chase Financial Co. LLC priced $34 million of 0% uncapped contingent buffered return enhanced notes due Feb. 13, 2025 linked to 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 the index closes at or above its initial level, the payout at maturity will be par plus 1.43 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any index decline if the index falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $34 million
|
| Maturity: | Feb. 13, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.43 times return; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 3,093.08
|
| Pricing date: | Nov. 8
|
| Settlement date: | Nov. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48132FG83
|
|
|
© 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.
