By Angela McDaniels
Tacoma, Wash., April 2 – JPMorgan Chase Financial Co. LLC priced $5.19 million of 0% trigger participation securities due April 1, 2022 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.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 65% of the initial index level, the payout will be par.
If the final index level is less than the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Trigger participation securities
|
Underlying index: | MSCI Emerging Markets index
|
Amount: | $5,186,020
|
Maturity: | April 1, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
|
Initial level: | 1,058.13
|
Trigger level: | 687.7845, 65% of initial level
|
Pricing date: | March 29
|
Settlement date: | April 3
|
Agent: | J.P. Morgan Securities LLC
|
Distribution: | Morgan Stanley Smith Barney LLC
|
Fees: | 3%
|
Cusip: | 48130X364
|
© 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.