By Kiku Steinfeld
Chicago, June 14 – JPMorgan Chase Financial Co. LLC priced $3.48 million of 0% capped buffered enhanced participation equity notes due May 22, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,147.30 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Underlying index: | MSCI EAFE
|
| Amount: | $3.48 million
|
| Maturity: | May 22, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of index return, subject to maximum settlement amount of $1,147.30 per $1,000 principal amount; par for index decline of up to 10%; 1.1111% loss for every 1% index decline beyond 10%
|
| Initial index: | 2,317.75
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 18
|
| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132TV45
|
|
|
|
|
© 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.
