By Marisa Wong
Morgantown, W.Va., March 12 – JPMorgan Chase Financial Co. LLC priced $2.36 million of 0% capped buffered return enhanced notes due March 11, 2020 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,150 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 (70% weight), Russell 2000 (15% weight), iShares MSCI EAFE ETF (15% weight)
|
| Amount: | $2.36 million
|
| Maturity: | March 11, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, capped at 15%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial values: | 2,728.12 for S&P, 1,562.204 for Russell and $70.20 for ETF
|
| Pricing date: | March 6
|
| Settlement date: | March 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48129H4S3
|
|
|
© 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.
