By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% digital notes due Oct. 21, 2019 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above its initial value, the payout at maturity will be par plus the contingent digital return, 6.23%.
If the swap rate falls by up to the 20% contingent buffer amount, the payout at maturity will be par.
If the swap rate falls by more than 20%, investors will lose 1% for every 1% that the final rate is less than the initial rate.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital notes
|
Underlying rate: | 10-year U.S. dollar ICE swap rate
|
Amount: | $2.5 million
|
Maturity: | Oct. 21, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the swap rate finishes at or above its initial value, par plus 6.23%; if the swap rate falls by up to the 20% contingent buffer amount, par; if the swap rate falls by more than 20%, 1% loss for every 1% that the final rate is less than the initial rate
|
Initial rate: | 3.103%
|
Pricing date: | Oct. 2
|
Settlement date: | Oct. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48130UPC3
|
|
|
© 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.