By William Gullotti
Buffalo, N.Y., Sept. 8 – JPMorgan Chase Financial Co. LLC priced $3.75 million of 0% uncapped accelerated barrier notes due Sept. 8, 2026 linked to the lesser performing of the Energy Select Sector SPDR Fund and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 500% of the return of the worst performing ETF.
If any ETF falls but each ETF finishes at or above the 83% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing ETF from its initial level.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Uncapped accelerated barrier notes
|
Underlying ETFs: | Energy Select Sector SPDR Fund, Utilities Select Sector SPDR Fund
|
Amount: | $3,745,000
|
Maturity: | Sept. 8, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each ETF finishes at or above its initial level, par plus five times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
|
Initial levels: | $48.90 for Energy, $70.07 for Utilities
|
Barrier levels: | $40.587 for Energy, $58.1581 for Utilities; 83% of initial levels
|
Pricing date: | Sept. 2
|
Settlement date: | Sept. 8
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.75%
|
Cusip: | 48132WCZ0
|
|
|
© 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.