By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent buffered digital notes due Feb. 10, 2022 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If both indexes finish above 70% of their initial levels, the payout at maturity will be par plus a 10.25% digital return.
Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
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: | Contingent buffered digital notes
|
Underlying indexes: | Nasdaq-100 and S&P 500
|
Amount: | $500,000
|
Maturity: | Feb. 10, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 10.25% digital return if both indexes finish above 70% of initial levels otherwise full exposure to losses of worst performer
|
Initial levels: | 12,091.35 for Nasdaq, 3,509.44 for S&P
|
Buffer levels: | 70% of initial levels
|
Pricing date: | Nov. 6
|
Settlement date: | Nov. 12
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.6%
|
Cusip: | 48132PTS3
|
|
© 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.