Chicago, Sept. 15 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% dual directional notes due Aug. 29, 2025 linked to the performance of the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the absolute index return. The payout will only be positive. If the index declines, it can not be more than $2,000 per $1,000 note.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional notes
|
| Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
|
| Amount: | $1,066,000
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus absolute value of the index return
|
| Initial level: | 159.20
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.0453%
|
| Cusip: | 48133LVV1
|
|
|
© 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.
