Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $5.5 million of 0% capped barrier notes due June 12, 2025 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus the return of the ETF, capped at par plus 90%. The payout will be par if the ETF declines but finishes above its 80% barrier. Investors will lose 1% for every 1% that the ETF declines if it closes below its barrier.
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 barrier notes
|
| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $5,500,000
|
| Maturity: | June 12, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus ETF return, capped at par plus 90%; par if ETF declines but finishes above its downside barrier; 1% loss for every 1% that ETF declines if it finishes below its downside barrier
|
| Initial level: | $30.32
|
| Barrier: | 80% of initial level
|
| Cap: | 90%
|
| Strike date: | Dec. 7
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48134RU22
|
|
|
© 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.
