By Sarah Lizee
Olympia, Wash., March 18 – JPMorgan Chase Financial Co. LLC priced $306,000 of 0% capped buffered return enhanced notes due Sept. 15, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index, capped at par plus 26%.
If either index finishes flat or falls by up to 20% of its initial level, the payout will be par.
If either index falls by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the 20% buffer.
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 indexes: | Dow Jones industrial average and Russell 2000
|
Amount: | $306,000
|
Maturity: | Sept. 15, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains, par plus 1.5 times return of lesser-performing index capped at par plus 26%; par if either index finishes flat or falls up to buffer level; 1% loss for every 1% that lesser-performing index declines beyond buffer
|
Initial levels: | 1,264.296 for Russell 2000 and 23,553.22 for Dow
|
Buffer levels: | 80% of initial levels
|
Pricing date: | March 11
|
Settlement date: | March 16
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | None
|
Cusip: | 48132HJ78
|
|
© 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.