By Sarah Lizee
Olympia, Wash., Aug. 20 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital knock-out notes due Sept. 4, 2019 linked to the worse performing of the iShares MSCI Emerging Markets exchange-traded fund and the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The final level of each asset will be the average of their closing levels on the five days ending Aug. 29, 2019.
The payout at maturity will be par plus 13.15%, unless either asset closes below 70% of its initial level any day during the life of the notes, in which case investors will receive par if each asset finishes above its initial level and will have full exposure to any loss in the final level of the lesser-performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital knock-out notes
|
| Underlying funds: | iShares MSCI Emerging Markets, VanEck Vectors Oil Services
|
| Amount: | $1 million
|
| Maturity: | Sept. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 13.15% unless either asset closes below 70% of initial level any day during life of the notes, in which case par if each asset finishes above its initial level and full exposure to any loss in the final level of the lesser-performing asset
|
| Initial level: | $41.77 for EM fund, $23.81 for oil fund
|
| Final level: | Average of closing levels on the five days ending Aug. 29, 2019
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130UDE2
|
© 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.
