By Wendy Van Sickle
Columbus, Ohio, May 24 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% digital dual directional contingent buffered notes due June 5, 2020 linked to Kohl’s Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 50% contingent buffer, the payout will be par plus 7.2%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital dual directional contingent buffered notes
|
Underlying stock: | Kohl’s Corp.
|
Amount: | $1.5 million
|
Maturity: | June 5, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If stock gains or falls by up to 50%, par plus 7.2%; otherwise, 1% loss for each 1% decline
|
Initial level: | $55.15
|
Contingent buffer: | 50%
|
Pricing date: | May 20
|
Settlement date: | May 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48132CB93
|
|
© 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.