By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% capped dual directional contingent buffered equity notes due Feb. 9, 2023 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above the initial level, the payout at maturity will be par plus the return of the ETF, subject to a maximum return of par plus 65%.
If the ETF falls by up to the 15% buffer, the return will be par plus the absolute value of the return of the ETF.
If the ETF falls more than 15%, investors will lose 1% for each 1% decline of the ETF beyond the 15% buffer.
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: | Capped dual directional contingent buffered equity notes
|
| Underlying ETF: | ARK Innovation
|
| Amount: | $1,053,000
|
| Maturity: | Feb. 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes at or above the initial level, par plus ETF return, subject to cap of par plus 65%; if ETF declines by no more than buffer, par plus absolute value of ETF return; otherwise, investors will lose 1% for each 1% decline beyond buffer
|
| Initial level: | $149.46
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.74886%
|
| Cusip: | 48132RUF5
|
|
|
© 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.
