New York, March 27 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due April 1, 2025 linked to the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 110% of the return of that ETF, capped at par plus 18.5%.
The payout will be par if the worst performing ETF declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines beyond 15%.
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: | Capped buffered return enhanced notes
|
| Underlying ETFs: | Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
|
| Amount: | $2 million
|
| Maturity: | April 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains, par plus 110% of that ETF’s return, capped at par plus 18.5%; par if worst performing ETF declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing ETF declines beyond 15%
|
| Initial levels: | $443.77 for Invesco QQQ Trust, Series 1, $520.48 for SPDR S&P 500
|
| Upside leverage: | 110%
|
| Cap: | 18.5%
|
| Buffer: | 15%
|
| Strike date: | March 20
|
| Pricing date: | March 21
|
| Settlement date: | March 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.2%
|
| Cusip: | 48134XJS5
|
|
|
|
|
© 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.
