By William Gullotti
Buffalo, N.Y., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% capped buffered return enhanced notes due June 21, 2023 linked to the iShares MSCI EAFE ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, up to a maximum return of 10.6%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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 buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $350,000
|
| Maturity: | June 21, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any ETF gain, capped at 10.6%; par if ETF declines by 10% or less; otherwise, lose 1% for each 1% decline beyond 10%
|
| Initial value: | $80.74
|
| Buffer level: | 90% of initial level
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48132UMX8
|
|
|
© 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.
