By Sarah Lizee
Olympia, Wash., Oct. 11 – JPMorgan Chase Financial Co. LLC priced $2.35 million of 0% uncapped contingent buffered return enhanced notes due Oct. 14, 2021 linked to the lesser performing of the Vanguard Real Estate ETF and the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each fund finishes above its initial value, the payout at maturity will be par plus 1.64 times the return of the lesser performing fund.
If either fund falls by up to 35%, the payout will be par.
If either fund falls by more than 35%, investors will be fully exposed to the loss of the lesser performing fund.
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 funds: | Vanguard Real Estate ETF and iShares U.S. Real Estate ETF
|
| Amount: | $2.35 million
|
| Maturity: | Oct. 14, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If each fund finishes above its initial value, par plus 1.64 times the return of the lesser performing fund; if either fund falls by up to 35%, par; if either fund falls by more than 35%, investors will be fully exposed to the loss of the lesser performing fund
|
| Initial values: | $79.44 for Vanguard and $79.01 for iShares
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 12
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130U5U5
|
© 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.
