By Wendy Van Sickle
Columbus, Ohio, June 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital dual directional contingent buffered notes due June 24, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes at or above the 85% threshold level, the payout at maturity will be par plus a fixed return of 9.5%.
If the fund falls by more than the 15% contingent buffer, 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 ETF: | iShares MSCI Emerging Markets
|
| Amount: | $2 million
|
| Maturity: | June 24, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above threshold, par plus 9.5%; otherwise, full exposure to any losses
|
| Initial price: | $40.86
|
| Pricing date: | June 6
|
| Settlement date: | June 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48132CUS0
|
|
|
|
|
© 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.
