By Angela McDaniels
Tacoma, Wash., June 10 – JPMorgan Chase Financial Co. LLC priced $754,000 of 0% capped dual directional contingent buffered return enhanced notes due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.2 times the index return, subject to a maximum return of 45%.
If the final index level is equal to the initial index level or is less than the initial index level by up to 32.5%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 32.5%, investors will lose 1% for every 1% that the final index level is below the initial index level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional contingent buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $754,000
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Maturity: | May 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above initial level, par plus 1.2 times index return, subject to 45% maximum return; if index is flat or falls by up to 32.5%, par plus absolute value of index return; if index falls by more than 32.5%, full exposure to decline
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Initial level: | 2,090.54
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.46303%
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Cusip: | 46646EBD3
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