By Sarah Lizee
Olympia, Wash., July 1 – JPMorgan Chase Financial Co. LLC priced $1.47 million of 0% capped buffered enhanced participation equity notes due Sept. 29, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.4 times the gain, capped at par plus 15.68%.
If the index finishes flat or falls by up to 10%, payout will be par. Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $1,472,000
|
| Maturity: | Sept. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any index gain, capped at par plus 15.68%; par if index finishes flat or falls by up to 10%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
|
| Initial value: | 1,801.43
|
| Buffer level: | 90% of initial level
|
| Pricing date: | June 22
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132MME8
|
|
|
© 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.
