By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% review notes due Dec. 16, 2024 linked to the lesser performing of the SPDR S&P Regional Banking ETF and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 9.5% per year if each asset closes at or above 90% of its initial level on any annual call date.
If the notes are not called, the payout at maturity will be par unless the final level of either asset is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing asset declines.
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: | Review notes
|
| Underlying assets: | SPDR S&P Regional Banking ETF and iShares Russell 2000 Value ETF
|
| Amount: | $1,032,000
|
| Maturity: | Dec. 16, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the final level of either asset is less than its initial level by more than 30%, in which case investors will lose 1% for each 1% that the lesser-performing asset declines
|
| Call: | Automatically at par plus call premium of 9.5% per year if each asset closes at or above 90% of initial level on any annual call date
|
| Initial levels: | $50.74 for Banking, $129.45 for Russell
|
| Buffer levels: | $35.518 for Banking, $90.615 for Russell, 70% of initial levels
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132PL85
|
|
|
|
|
© 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.
