New York, April 24 – JPMorgan Chase Financial Co. LLC priced $2.78 million of 0% uncapped digital barrier notes due April 15, 2030 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 70% barrier, the payout at maturity will be par plus the greater of the index return and 47%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped digital barrier notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $2,784,000
|
| Maturity: | April 15, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its 70% barrier, par plus greater of index return and 47%; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 451.42
|
| Digital payment: | 47%
|
| Barrier: | 315.994, 70% of initial level
|
| Pricing date: | April 10
|
| Settlement date: | April 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48134XLJ2
|
|
|
|
|
© 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.
