By Angela McDaniels
Tacoma, Wash., Aug. 1 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 0% capped contingent buffered return enhanced notes due Aug. 2, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 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 the final level of each index is greater than its initial level, the payout at maturity will be par plus 2.18 times the return of the lesser-performing index, subject to a maximum return of 75%.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 50% or if the final level of each index is equal to its initial level or is less than its initial level by up to 50%, the payout will be par.
If the final level of either index is less than its initial level by more than 50%, investors will be fully exposed to the decline of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying indexes: | Dow Jones industrial average and Russell 2000
|
| Amount: | $2,099,000
|
| Maturity: | Aug. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than initial level, par plus 2.18 times return of lesser-performing index, subject to 75% maximum return; if final level of one index is greater than initial level and final level of other index is equal to initial level or is less than initial level by up to 50% or if final level of each index is equal to initial level or is less than initial level by up to 50%, par; if final level of either index is less than initial level by more than 50%, full exposure to decline of lesser-performing index
|
| Initial index levels: | 21,830.31 for Dow and 1,429.260 for Russell 2000
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 46647MXZ1
|
© 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.
