By William Gullotti
Buffalo, N.Y., Sept. 27 – JPMorgan Chase Financial Co. LLC priced $4.47 million of 0% capped dual directional buffered return enhanced notes due Oct. 20, 2022 linked to the stock performance of Alibaba Group Holding Ltd. and JD.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes above its initial level, the payout at maturity will be par plus 1.25 times the lesser-performing stock’s return, subject to a maximum upside return of par plus 34.15%.
If the final level of the lesser performer is flat or falls by up to 20%, the payout will be par plus the absolute value of the lesser performer’s return.
If the final level of either stock is less than its initial level by more than 20%, investors will lose 1% for every 1% that the worst performer declines beyond 20%.
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 dual directional buffered return enhanced notes
|
| Underlying stocks: | Alibaba Group Holding Ltd., JD.com, Inc.
|
| Amount: | $4,466,000
|
| Maturity: | Oct. 20, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes above initial level, par plus 1.25 times lesser-performing stock’s return, subject to maximum upside return of par plus 34.15%; if final level of lesser-performing stock is equal to initial level or is less than initial level by up to 20%, par plus absolute value of lesser-performing stock’s return; otherwise, 1% loss for every 1% that the worst performer declines beyond 20%
|
| Initial levels: | $77.17 for JD.com, $156.26 for Alibaba
|
| Buffer levels: | 80% of initial levels
|
| Strike date: | Sept. 16
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132WVF3
|
|
|
© 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.
