By William Gullotti
Buffalo, N.Y., Jan. 6 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 0% capped buffered return enhanced notes due Jan. 4, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of par plus 18%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline 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 index: | Russell 2000 index
|
Amount: | $1,731,000
|
Maturity: | Jan. 4, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus two times any index gain, capped at 18%; par if index declines by 10% or less; exposure to losses beyond 10%
|
Initial value: | 2,249.244
|
Buffer level: | 90% of initial level
|
Pricing date: | Dec. 29
|
Settlement date: | Jan. 3
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.67759%
|
Cusip: | 48132Y5F8
|
|
© 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.