By Sarah Lizee
Olympia, Wash., April 30 – JPMorgan Chase Financial Co. LLC priced $1.83 million of 0% uncapped contingent buffered return enhanced notes due April 30, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.15 times the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 50%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,831,000
|
| Maturity: | April 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par 1.15 times any gain of worse performing index; par if worse performing index falls by up to 50%; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,575.612 for Russell and 2,926.17 for S&P 500
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.05967%
|
| Cusip: | 48130WX22
|
© 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.
