By Wendy Van Sickle
Columbus, Ohio, April 11 – JPMorgan Chase Financial Co. LLC priced $3.78 million of 0% capped buffered return enhanced notes due Feb. 8, 2024 linked to the S&P MidCap 400 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of par plus 22%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline 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 index: | S&P MidCap 400 index
|
| Amount: | $3,776,000
|
| Maturity: | Feb. 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, capped at 22%; par if index declines by 15% or less; otherwise, lose 1% for every 1% decline beyond 15%
|
| Initial value: | 2,654.46
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 5
|
| Settlement date: | April 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48133DW48
|
|
|
© 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.
