By Devika Patel
Knoxville, Tenn., Nov. 17 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Nov. 18, 2021 linked to the S&P MidCap 400 index and 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 each index finishes at or above the initial level, the payout at maturity will be par plus 1.075 times the gain of the worse performing index.
If either index falls but by no more than the 40% contingent buffer, the payout will be par plus the absolute value of the return of the worse performing index.
If either index falls by more 40%, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered return enhanced notes
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Underlying indexes: | S&P MidCap 400 and S&P 500
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Amount: | $750,000
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Maturity: | Nov. 18, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.075 times the return of the worse performing index; if either index falls but by no more than 40% contingent buffer, par plus the absolute value of the return of the worse performing index; if either index falls by more 40%, investors will lose 1% for each 1% decline of the worse performing index
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Initial level: | 1,588.12 for S&P MidCap 400 and 2,164.20 for S&P 500
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Pricing date: | Nov. 14
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Settlement date: | Nov. 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.225%
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Cusip: | 46646E7E6
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