New York, June 7 – JPMorgan Chase Financial Co. LLC priced $3.39 million of 0% uncapped accelerated barrier notes due June 4, 2027 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 114.2% of the return of the ETF.
The payout will be par if the ETF declines but finishes at or above its 50% barrier. Otherwise, investors will lose 1% for every 1% that the ETF declines from 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: | Uncapped accelerated barrier notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $3,393,000
|
| Maturity: | June 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 114.2% of ETF return; par if ETF declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% of decline from initial level
|
| Initial level: | $409.59
|
| Upside leverage: | 114.2%
|
| Cap: | None
|
| Barrier: | $204.795, 50% of initial level
|
| Pricing date: | June 1
|
| Settlement date: | June 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.57711%
|
|
|
| Cusip: | 48133GMY6
|
|
|
|
|
© 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.
