By Wendy Van Sickle
Columbus, Ohio, July 13 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% capped trigger gears due July 8, 2026 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 2 times any index gain, capped at par plus 85%.
If the index falls by up to 20%, the payout will be par.
If the index falls by more than 20%, investors will be fully exposed to the index decline from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped trigger gears
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $4 million
|
| Maturity: | July 8, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 85%; par if index falls by up to 20%; full exposure to decline from initial level if index finishes below downside threshold
|
| Initial level: | 1,355.38
|
| Downside threshold: | 1,084.3, 80% of initial level
|
| Pricing date: | July 7
|
| Settlement date: | July 12
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48132X206
|
|
|
© 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.
