By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced sells $966,000 of 0% uncapped dual directional contingent buffered equity notes due April 30, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus the lesser of the return of the lesser-performing index and 32%.
If either index falls but by no more than the 35% contingent buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 35%, investors will lose 1% for each 1% decline of the lesser-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional contingent buffered equity notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $966,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus the lesser of the return of the lesser-performing index and 32%; if either index falls by up to 35%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index
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Initial levels: | 2,945.83 for S&P 500 and 1,591.211 for Russell
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.70769%
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Cusip: | 48132CAF0
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