New Issue: JPMorgan prices $1.21 million capped buffered return enhanced notes on index, ETF

New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% capped buffered return enhanced notes due Feb. 1, 2024 linked to the SPDR S&P 500 ETF Trust and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset gains, the payout at maturity will be par plus 150% of the return of the worst performing asset, subject to a maximum payout of par plus 40.5%.

The payout will be par if the worst performing asset declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines beyond 10%.

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:	Capped buffered return enhanced notes
Underlying assets:	SPDR S&P 500 ETF Trust and Russell 2000 index
Amount:	$1,213,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset gains, par plus 150% of worst performing asset return, capped at par plus 40.5%; par if worst performing asset declines by no more than 10%; otherwise, 1% loss for every 1% that worst performing asset declines beyond 10%
Initial levels:	$411.99 for ETF, 1,885.23 for index
Upside leverage:	150%
Cap:	40.5%
Buffer:	10%
Pricing date:	July 29
Settlement date:	Aug. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133L4Y5

© 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.