By William Gullotti
Buffalo, N.Y., July 23 – JPMorgan Chase Financial Co. LLC priced $8.23 million of 0% capped buffered enhanced participation equity notes due March 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.2 times the index return, subject to a maximum settlement amount of $1,177.60 per $1,000 of notes.
If the final index level is flat or greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% 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 enhanced participation equity notes
|
Underlying index: | S&P 500 index
|
Amount: | $8,228,000
|
Maturity: | March 8, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index gains, par plus 1.2 times the gain, capped at $1,177.60 per $1,000 of notes; if the index is flat or falls by no more than 10%, par; otherwise, investors will lose 1.1111% for each 1% decline beyond 10%
|
Initial level: | 4,360.03
|
Buffer level: | 90% of initial index level
|
Pricing date: | July 15
|
Settlement date: | July 22
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0%
|
Cusip: | 48132U2Y8
|
© 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.