By Marisa Wong
Morgantown, W.Va., July 13 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% uncapped dual directional contingent buffered return enhanced notes due June 30, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 1.26 times the gain of the worse performing index.
If the worse performing index falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $750,000
|
| Maturity: | June 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.26 times the gain of the worse performing index; if worse performing index falls by up to 30%, par plus the absolute value of its return; otherwise, 1% loss for each 1% decline of the worse performing index
|
| Initial levels: | 1,668.527 for Russell and 2,723.06 for S&P
|
| Contingent buffer: | 30%
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48129MWP7
|
|
|
© 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.
