Chicago, March 1 – JPMorgan Chase Financial Co. LLC priced $2.33 million of 0% capped buffered enhanced participation equity notes due Aug. 6, 2025 linked to 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 the index finishes at or above its initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of par plus 13.52%.
If the index declines but finishes at or above its 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
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: | S&P 500 index
|
| Amount: | $2,330,000
|
| Maturity: | Aug. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 150% of the gain, capped at par plus 15.84%; if the index declines by up to 10%, par; otherwise, lose 1.1111% for each 1% decline beyond 10%
|
| Initial level: | 4,958.61
|
| Buffer level: | 90% of initial index level
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48134T5F7
|
|
|
© 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.
